Series of November 2019 Capital Bonds
BEAL
THE STATE
FY 2020 Estimate General Funds Revenue
• General Funds base revenues are estimated to total $40.3 billion for FY 2020, a $1.1 billion increase, or 2.7%,
from FY 2019 actual revenues
•The State's three largest revenues sources, individual income tax, corporate income tax and sales tax, are
estimated to total $30.8 billion in deposits to the General Funds, a net increase of $727 million, or 2.4%,
compared to FY 2019
• Federal revenues are projected to total $3.5 billion, a decrease of $103 million, or 2.9%, from FY 2019
• FY 2020 non-base revenues also include an estimated $100 million in interfund borrowing and $400 million
from the Treasurer's investment borrowing program
STATE OF ILLINOIS
OF ILLINO
AUG. 96 1818
GENERAL FUNDS FINANCIAL WALKDOWN
($ billions)
Final
FY 2018
Final
FY 2019
FY 2020
Forecast
Change: FY 19 to FY
2020 Forecast
Resources
Individual and Corporate Income Tax and Sales Tax
All Other Sources
27.6
30.0
30.8
0.7
2.4%
3.5
3.5
3.5
0.0
(0.3%)
Federal revenues
Transfers in
Total Base Revenues
Interfund Borrowing/Fund Reallocations
Treasurer's Investment Borrowing
Total Resources
5.2
3.6
3.5
-0.1
(2.9%)
1.9
2.0
2.5
0.4
22.0%
38.1
39.2
40.3
1.1
2.7%
0.8
0.3
0.1
-0.2
(60.0%)
0.0
0.8
0.4
-0.4
(46.7%)
39.0
40.2
40.8
0.6
1.6%
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