Illinois State Government 

Total General Fund Revenue (estimated)

$36.050 billion

Unfunded pension liabliity

$129.8 billion

Total state pension debt (Moody’s)

$251 billion

State emp health insurance cost OPEB (2016)

$56.7 billion

Unpaid bills (October 2017)

$15.9 billion

Long-term debt

$27.0 billion

Total official state debt (approx)

$250 billion

State pension dept per person (approx)

$19,528.90

General Fund Revenues (FY18 Assumed)

IN MILLIONS $

% OF TOTAL

Personal Income Taxes

17,250

48.10%

Corporate Income Taxes

1,882

5.20%

Sales Taxes

7,970

22.20%

Public Utility Taxes

890

2.50%

Misc. Taxes

2,638

7.30%

Transfers

1,713

4.80%

Total State Resources

32,343

90.10%

Federal Sources

3,556

9.90%

Total Federal & State Sources

35,899

100.00%

General-fund expenditures (FY 2018)

IN MILLIONS $

% OF TOTAL

K-12 education

7,983

21.30%

Higher education

1,733

4.60%

Public safety

1,759

4.70%

Human Services (Welfare, Social Services)

6,073

16.20%

Healthcare & Family Services (Medicaid)

7,119

19.00%

Government services

3,189

8.50%

Pensions

6,984

18.70%

Adjustments

-960

-2.60%

Total Operating Budget

34,016 

90.90%

Statutory transfers out

573

1.50%

Debt Service

2,816

7.50%

Total Additional Expenditures

3,389

9.10%

Total Expenditures

37,405

100.00%

Tax Rates

ILLINOIS

U.S.A.

Personal income tax

4.95%

4.08%

Corporate Income Tax (includes PPRT)

7.00%

5.23%

State Sales Tax (January 2017)

6.25%

5.10%

Avg State and Local Sales Tax (Jan 2017)

8.64%

6.49%

State Gas Tax (January 2017)

34.01¢/gal

27.85¢/gal

ILLINOIS

U.S.A.

Population Growth Rate (2016):

-0.29%

0.70%

Total change (2010-2016)

-40,039

13,779,320

% change (2010-2016)

-0.31%

4.45%

Employment Growth Rate (2016):

0.44%

1.74%

Total change (2010-2016)

218,292

12,360,000

% change (2010-2016)

3.68%

8.89%

GDP Growth (2016)

2.41%

2.80%

% total growth 2006-2016 (2016$)

28.13%

34.40%

Real GDP Growth

1.08%

1.46%

% total growth 2006-2016 (2009$)

9.00%

14.34%

Investment Growth Rate (2016)

0.78%

0.65%

% total growth 2006-2016 (2016$)

22.71%

27.11%

Real (2009$) Investment Growth Rate (2016)

-0.54%

-0.67%

% total growth 2006-2016 (2009$)

4.39%

8.13%

Personal Income Growth (2016)

1.63%

2.35%

% total growth 2006-2016 (2016$)

30.75%

39.81%

Real (2009$) Personal Income Growth Rate (2016)

0.31%

1.01%

% total growth 2006-2016 (2009$)

11.23%

18.94%

Wage and Salary Growth (2016)

1.49%

2.89%

% total growth 2006-2016 (2016$)

25.66%

33.51%

Real (2009$) Wage and Salary Growth (2016)

0.16%

1.55%

% total growth 2006-2016 (2009$)

6.90%

13.58%

Unemployment rate (September 2017)

5.00%

4.20%

Civillian Labor Force Change (Jan-Oct 2017 level)

-97,844

665,000

Employed Population Change (Jan-Oct 2017 level)

-40,386

1,780,000