TITLE

Illinois Revenue Grew 4.6% in FY'06, But GAAP Deficit Is Still a Concern

AUTHOR(S)
Shields, Yvette
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/11/2006, Vol. 357 Issue 34220, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of Illinois for fiscal 2006. The state's revenue grew by 4.6 percent or $1.2 billion, which is higher than the more conservative forecast of 3.1 percent. It used its additional revenue to pay off pending bills. This was offset by an increase in the state's deficit when applying generally accepted accounting principles.
ACCESSION #
21580309

 

Related Articles

  • Revenue Misses Target. Cataldo, Adam L. // Bond Buyer;7/25/2005, Vol. 353 Issue 32181, p35 

    Reports that the state revenue for the first three months of the current fiscal year is higher that it was in the same period in 2004 but below projections, while spending exceeded projections in New York.

  • ILLINOIS: Chicago Feels the Pinch. Shields, Yvette // Bond Buyer;9/30/2009, Vol. 369 Issue 33192, p9 

    The article reports on the financial performance of Chicago, Illinois. According to city officials, the city's revenue sources are down 183 million dollars from projections. The revenue is continuing to perform poorly compared to original assumptions, but has not fallen below revised projections...

  • With Revenues Down, Ohio Officials Mull Tapping Reserve. Shields, Yvette // Bond Buyer;5/6/2009, Vol. 368 Issue 33109, p6 

    The article reports on the financial performance of Ohio. In April 2009, the revenue collections of the state fell about $322 million short of budgeted estimates. The deficit put more pressure on Governor Ted Strickland and lawmakers to dip into the state's budget reserve to cope with the...

  • Revenue Review.  // State Government News;Apr2004, Vol. 47 Issue 4, p7 

    Presents an update on the revenue earned by states and local governments in the U.S. from 1980 to 2000. Comparison of the percentage of revenue earned by states and local governments between 1980 and 2000; Second largest source of revenue of states and local governments in 2000; Percentage of...

  • NEW YORK: Three-Way Forecast. Phillips, Ted // Bond Buyer;11/19/2007, Vol. 262 Issue 32757, p9 

    The article reports on the forecast of New York's revenue for fiscal 2009 issued by Governor Eliot Spitzer and the lawmakers. The Division of Budget expects tax collections to increase in fiscal 2009. The state employment will rise more slowly in 2008 than in 2007 and that wage growth will also...

  • Kentucky's Fiscal Improvement Highlighted by $214 Million Surplus. de Sue, Tedra // Bond Buyer;7/29/2005, Vol. 353 Issue 32185, p3 

    Reports on the impact of improvement in financial performance on highlighting the multi-million dollar surplus in Kentucky. Use of the surplus to replenish reserves of the state; Factors contributing the outcome of revenue projections for the next few years; Failure of legislators to adopt...

  • CHEMICALS & ALLIED PRODUCTS.  // U.S. Industry Quarterly Review: Chemicals;2003 3rd Quarter, p32 

    This article presents information on the revenue earned and the gross operating profit made by industries dealing in chemicals and allied products on a quarterly and annual basis. Quarterly data being analysed covers the period 2002 to 2004. Data are presented in a tabulated manner and the...

  • CHEMICAL PRODUCTS.  // U.S. Industry Quarterly Review: Chemicals;2003 3rd Quarter, p33 

    This article presents information on the revenue earned and the gross operating profit made by industries dealing in the sale and marketing of chemical products on a quarterly and annual basis. Quarterly data being analysed covers the period 2002 to 2004. Data are presented in a tabulated manner...

  • N.J. Faces $1.2B Revenue Shortfall; Gross Income Tax Receipts Off $800M. Kaske, Michelle // Bond Buyer;5/6/2009, Vol. 368 Issue 33109, p18 

    The article reports on the financial performance of New Jersey. According to David Rosen, budget and finance officer of Office of Legislative Services, the state is facing a revenue shortfall of more than $1.2 billion for fiscal 2009, with gross income tax receipts in April coming in $800...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics