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Each fiscal year starts on July 1 and ends on June 30 of the following year. Each fiscal year is also named after the year in which it ends; for example, fiscal year 16 (FY16) started on July 1, 2015, and ended June 30, 2016. Although the recent Illinois budget impasse is not the first in the state's history, it is the longest.
In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years. Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar ...
The identification of a fiscal year is the calendar year in which it ends; the current fiscal year is often written as "FY25" or "FY2024-25", which began on 1 October and will end on 30 September. In 1843, the federal government changed the fiscal year from a calendar year to one starting on 1 July, [ 68 ] which lasted until 1976.
In fiscal year 2007, the Illinois Department of Revenue expected to collect $24.6 billion in taxes and gambling revenues, about five-sixths of the state's general funds revenues for the year. IDOR expected to keep $1.0 billion of this sum (4.0%) to cover the costs of its own operations, and expected to transfer the rest to the office of the ...
The Illinois state government has numerous departments, but the so-called code departments provide most of the state's services. [1] [2] Code departments.
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(The Center Square) – As the 104th General Assembly gets underway, Gov. J.B. Pritzker is revealing his priorities for 2025. The governor held a news conference in Springfield Wednesday after ...
Relief swept Washington, D.C., after Congress ended a budget standoff and passed a short-term spending bill on Dec. 21, averting a government shutdown. But that year-end legislative battle may ...