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The surplus creates some breathing room one week into a $50.4 billion state spending plan for fiscal year 2024 that anticipates a slimmer surplus of $183 million.
U.S. state and local government debt in Illinois FY 1999-2027. In the fiscal year of 2021, Illinois' state debt stood at about 64.74 billion U.S. dollars.
State Debt Ranking #StateState Debt1California520 billion2New York368 billion3Texas324 billion4Illinois159 billion47 more rows
CHICAGO - Building on four years of fiscally responsible leadership, Governor JB Pritzker signed the Fiscal Year 2024 budget into law today, delivering his fifth balanced budget while making transformative investments in early childhood, K-12 schools, higher education, workforce and economic development and efforts to ...
In the fiscal year of 2021, Illinois' state debt stood at about 64.74 billion U.S. dollars. By the fiscal year of 2027, this is expected to increase to about 81.61 billion U.S. dollars.
Illinois's combined state and local general revenues were $153.1 billion in FY 2021, or $11,977 per capita. National per capita general revenues were $12,277. Illinois uses all major state and local taxes.
Texas comes in third place for states with the most debt, with a debt of $324 billion, while Illinois ranks fourth with $159 billion.