Comptroller Report

General Funds revenues totaled $53.998 billion in fiscal year 2025. The largest source of revenue to the General Funds was the individual income tax with receipts of $28.174 billion, accounting for 52.2% of total revenues. Sales taxes were the second-largest source of revenue with $10.574 billion, or 19.6% of total revenues. Other major sources included corporate income tax receipts of $4.728 billion, or 8.8%; federal revenues of $3.780 billion, or 7.0%; gaming related transfers (lottery, riverboat, and sports wagering) of $1.116 billion, or 2.1%; and investment income receipts of $741 million, or 1.3%. All other sources of revenue, including public utility taxes, insurance, cigarette, inheritance and liquor taxes, cannabis regulation transfers, and other miscellaneous sources totaled $4.835 billion for fiscal year 2025, accounting for 9.0% of total revenues.

In fiscal year 2025, expenditures from the General Funds totaled $53.850 billion, which is $148 million less than revenues received for the fiscal year. Education encompassed the largest portion of the General Funds budget with fiscal year 2025 spending of $22.050 billion, or 41.0% of total expenditures, including $17.479 billion for elementary and secondary education (includes teacher retirement contributions) and $4.571 billion for higher education (includes retirement contributions). Health and Social Services expenditures (including spending for medical assistance, children and family services, the operation of mental health and developmentally disabled facilities and other related services) totaled $19.933 billion in fiscal year 2025, accounting for 37.0% of total General Funds expenditures. Transfers-out of $2.759 billion from the General Funds primarily supported debt service payments on bonds issued. Expenditures of $3.310 billion for Public Protection and Justice included funding for the operation of prisons, courts and law enforcement. Other spending included $5.480 billion for General Government, and $386 million for environmental assistance and employment and economic development.

According to Illinois Office of Comptroller records, Illinois lottery revenues deposited into the State Treasury totaled $1.630 billion in fiscal year 2025. Most of these revenues ($1.629 billion) were deposited into the State Lottery Fund, however, sales of special instant games resulted in $12.1 million being deposited and/or transferred to 10 other separate funds. Total Illinois State Lottery Fund expenditures of $1.678 billion in fiscal year 2025 included $546 million, or 32.5%, for prizes; $777 million, or 46.3%, in transfers to the Common School Fund for education; and $355 million, or 21.2%, for operational expenses of the lottery, the largest component of which was $205 million for expenses of developing and promoting lottery games.