SPRINGFIELD – Illinois sales tax receipts rose 11 percent in August. Strong automobile sales likely helped lift the numbers.
That runs counter to the state government’s forecast of flat sales tax growth for the fiscal year that began July 1.
The (Champaign) News-Gazette reported that in the first two months of the fiscal year, receipts have grown $108 million, or more than 8 percent, above last year’s level.
Jim Muschinske is revenue manager for the state’s Commission on Government Forecasting and Accountability.
He said the results are “a little surprising.” But he cautions against reading too much into the bump, saying that “there’s still a lot of time for that to change.”
He attributed the gains to good auto sales.
Information from: The News-Gazette, http://www.news-gazette.com