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Investor Presentaiton

SEAL OF THE STATE FY 2021 and FY 2022 General Funds Revenues Summary • Base FY22 General Funds revenues are • estimated to total $41.7 billion, a $226 million, or 0.5%, increase from FY21 revised base estimates Total General Funds revenues for FY22 reflect a $1,772 million, or 4.1%, decrease from FY21 due to the one-time nature of the $1,998 million in MLF borrowing proceeds Does not rely on additional borrowing Individual income taxes are forecasted to be below FY21 due to the extension of the April 2020 tax filing deadline to July 2020 - in FY21 • Federal revenue forecast equals $3,971 million, a reduction from FY21 due to only a half year of enhanced Medicaid match • Includes assumption enhanced match extends through CY21 Does not assume new federal stimulus dollars FY22 revenue forecast benefits from proposed closure of several tax loopholes and redirection of existing revenue streams Resources ($ millions) State Sources: Revenues Net Individual Income Taxes Net Corporate Income Taxes Net Sales Taxes Total Income and Sales Taxes Other State Revenues Transfers In Total State Sources Federal Sources Total Base Resources State of Illinois General Funds Financial Walkdown Interfund Borrowing and Fund Reallocations Treasurer's Investment Borrowing Municipal Liquidity Facility Total General Fund Resources Actual FY 2020 Estimated FY 2021 Forecast FY 2022 Change: FY 2021 to FY 2022 Forecast $ % $ 34,509 $ 37,098 $ 37,737 $ 639 $18,471 2,081 $20,523 2,620 $20,151 (373) (1.8%) 3,058 438 16.7% 8,255 8,873 9,518 645 7.3% $ 28,807 $ 32,016 $ 32,726 $ 710 2.2% $3,271 $3,295 $3,170 (125) (3.8%) 2,431 1,787 1,841 54 3.0% 1.7% $3,551 $4,384 $3,971 (413) (9.4%) $ 38,060 $ 41,482 $ 41,708 $ 226 0.5% $462 $0 $0 0.0% 400 0 0 0.0% 1,198 1,998 0 (1,998) (100.0%) $ (1,772) (4.1%) $ 40,120 $ 43,480 $ 41,708 OF ILLINOIS AUG. 96 1818 Note: Totals may not add due to rounding 15
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