Series of November 2019 Capital Bonds
SEAL OF
THE STATE
AUG 94 1818
Overview of Estimated FY 2019 Fiscal Results
• FY 2019 base revenues totaled $39.2 billion, an
increase of $1.0 billion, or 2.7%, from FY 2018
levels
The State's three largest revenue sources,
individual income tax, corporate income tax and
state sales tax, totaled $30.0 billion, a net increase
of $2.5 billion, or 9.0%, when compared to FY 2018
Total General Funds operating expenditures for FY
2019 are projected to total $36.3 billion, an
increase of $926 million, or 2.6%, from FY 2018
This includes expenditures of approximately
$372 million for paying retroactive step
payments to AFSCME employees for FY 2016,
2017 and 2018 and the first three quarters of
FY 2019
• It is estimated that FY 2019 expenditures exceeded
FY 2019 revenues by approximately $46 million
STATE OF ILLINOIS
GENERAL FUNDS FINANCIAL WALKDOWN
($ billions)
Resources
Individual and Corporate Income Tax and Sales Tax
All Other Sources
Final
FY 2018
FY 2019
Estimate¹
Change: FY 18 Final to
FY 2019 Estimate
27.6
30.0
2.5
9.0%
3.5
3.5
0.1
2.2%
5.2
3.6
-1.6
(31.3%)
1.9
2.0
0.1
6.7%
38.1
39.2
1.0
2.7%
Interfund Borrowing/Fund Reallocations
0.8
0.3
-0.6
(68.8%)
Treasurer's Investment Borrowing
0.0
0.8
0.8
0.0%
39.0
40.2
1.2
3.2%
Federal revenues
Transfers in
Total Base Revenues
Total Resources
Expenditures
Operating Expenditures
Statutory Transfers Out
Transfers for GO Bond Debt Service
Interfund Borrowing Repayment
Treasurer's Investment Borrowing Repayment
Total Expenditures
FY 2019 resources are final. FY 2019 expenditures are estimated.
35.4
36.3
0.9
2.6%
0.6
0.4
-0.2
(25.7%)
2.9
2.7
-0.2
(6.8%)
0.1
0.0
-0.1
(92.2%)
0.0
0.8
0.8
0.0%
39.0
40.2
1.2
3.1%
OF ILLINOI
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