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Tax amnesty aids Illinois economy amid slower 2005 growth
Illinois economy heals slowly as tax amnesty revenues boost 2004 totals but do not recur in 2005. The Economic and Fiscal Commission notes base revenues may rise $37 million, offset by one time gains and postponed sales, with 2004 one time proceeds and a riverboat license sale shaping 2005 expectations. Manufacturing stalls but gains in goods sectors, while unemployment remains higher than the national rate.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
Economic and Fiscal Commission
Commission
Edward Ross Jr
Ross
Terry Parke
Boss
Governor’s Office of Management and Budget
Becky Carroll
GOMB
Carroll
National