*** UPDATE *** This partial document is from the Governor’s Office of Management and Budget. Click the image for the full document, which includes notes on each revenue item…

[ *** End Of Update *** ]

* Roundup of somewhat conflicting news reports about new state revenues…

WGN: The budget was ultimately passed with $400 million in spending cuts and about double that in massive new taxes

Tribune: estimated $800 million plus in tax increases

WGLT: $1 billion in new taxes on nicotine products, sports betting, and businesses.

Sun-Times: “You know how it’s a bad budget? When it starts out with at least $1 billion in taxes,” said Senate Minority Leader John Curran, R-Downers Grove.

Capitol News Illinois: just over $1 billion in new taxes and revenue changes.

* The Illinois Policy Institute claims the revenue bill includes $394 million in tax hikes, $237 million in fund sweeps and $216 million from “delaying promised funding.”

* There is no complete list that I’m aware of to explain how much all these changes are expected to bring in. We told you about some of the estimates on Saturday. So, I’ve taken those and grafted it onto the only comprehensive revenue list I’ve seen so far, which is from Government Solutions Group…

On the revenue and corporate tax side, the package includes:

• Increase in the tobacco and vape tax to 44 cents to help fund the Medicaid program.
• A sports wagering tax of $0.25 per wager for the first $20 million wagers and $0.50 for each wager in excess of $20 million. [$36 million, but see below]
• Tax amnesty program. [$195 million]
• Extends the Hotel Operators’ Occupation Tax to short-term rentals. [$15 million]
• A state “throwback rule” impacting corporations that operate in multiple states (switches Illinois from the Joyce rule to the Finnigan Rule to enable the state to collect more corporate tax income). [$72 million]
• Telecommunications tax increase to fund 9-8-8 services, a statewide suicide prevention and mental health crisis line.
• Ensures businesses outside of Illinois selling $100,000+ worth of physical goods to Illinois residents must collect Illinois sales tax, even without an in-state presence.
• Expands the Illinois Retail Act to include servicemen under occupation and use taxes, creating equal tax treatment.
• Eliminates the 200 transaction threshold for economic nexus, aligning with other states for more efficient enforcement.
• Implements a 15% tax rate when insufficient sales records are provided, encouraging proper documentation.
• Allows service providers to file returns for retailers and servicemen maintaining business in Illinois.
• Delayed final payment from the sales tax on motor fuel to the Road Fund. [$171 million]

I wouldn’t call a tax amnesty program a tax hike. And the delayed sales tax payment to the Road Fund is a one-time budgetary gimmick. Those two alone total $366 million.

The fund sweeps are not included in that list. They add up to about $100 million for the coming fiscal year, and more for this fiscal year.

Also, click here for an analysis which shows the total amount raised from the sports wagering tax will be about $160 million.

I’ll let you know if I find a reliable list of projected revenues.