Illinois’ tax collections for fiscal year 2026 (FY26) continue to smash last year’s numbers, per a report by the Illinois Commission on Government Forecasting and Accountability (CGFA).

For FY26 through February, state tax collections are up $1.9 billion (5.6%). Partially offsetting that increase, federal transfers to Illinois are down $172 million (-6.0%).

Year-over-year through February 28:

–  Personal income tax collections are up $805 million (4.2%)

–  Corporate income tax collections are down $199 million (-6.6%)

–  Sales tax collections are up $338 million (4.3%)

–  Estate (death) tax collections are up $215 million (53.3%)

–  Insurance tax and fee collections are up $114 million (34.0%)

–  Lottery collections are up $46 million (9.1%)

–  Gaming tax collections are up $59 million (46.8%)

–  Sports wagering tax collections are up $137 million (135.6%)

Illinois’ fiscal year begins on July 1 and ends on June 30.

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