Illinois’ tax collections for fiscal year 2026 (FY26) continue to defy expectations, according to a report by the Illinois Commission on Government Forecasting and Accountability (CGFA).

Through the first three quarters of FY26, overall state tax collections are up $2.2 billion (5.5%). Federal transfers have declined by $161 million (-5.2%). Overall revenue sources, combining federal and state, were up $2.0 billion (4.7%).

Year-over-year through March 31:

–  Personal income tax collections are up $1.1 billion (4.9%)

–  Corporate income tax collections are down $209 million (-6.3%)

–  Sales tax collections are up $363 million (4.2%)

–  Estate (death) tax collections are up $216 million (46.4%)

–  Insurance tax and fee collections are up $92 million (23.1%)

–  Lottery collections are up $16 million (2.7%)

–  Gaming tax collections are up $61 million (43.0%)

–  Sports wagering tax collections are up $146 million (109.8%)

Illinois’ fiscal year begins on July 1 and ends on June 30. Deposits into the state’s General Fund are up $1.6 billion (4.2%).

For more details, the CGFA report can be found here.