* Greg Hinz…
A whopping 87 percent of communities replying to an Illinois Municipal League survey say they have suffered revenue losses so far, with the median decline 20 percent to 30 percent.
That’s a big, big number when most budgets generally don’t change more than a few percentage points year to year. And there are indications the figure will rise because some revenues lag and the full impact is not yet known, says league Executive Director Brad Cole.
According to the survey—227 municipalities around the state replied—reduced sales tax income is the most common source of problems, with 21.2 percent of municipalities reporting it as a “significant” cause of revenue woes in the period since March 1. Lagging gaming tax and motor-fuel tax revenues followed, at about 17 percent each, with receipts from income taxes collected by the state and passed on to local communities at 14.7 percent.
Cole said his group projects that when the money actually is passed on, his members will see an average drop of 10 percent in income tax receipts.
Survey results are here. 46.5 percent say they plan to reduce municipal personnel and/or services.
And the US Senate and House are still on vacation.