[moorhosj1]

Originally Posted by west-town-brad

but the city and state (not just IL but all around the country) did not lose any tax revenue. in fact revenues are way up.

This information is not correct. The state absolutely lost tax revenue in 2020 compared to 2019 and 2022 revenue is up from 2019.

From 2021:

The pandemic’s hit to the state’s budget remains significant. The loss to the state’s general funds was $868 million from major revenue sources, the study concluded based on the analysis of state tax receipts. Across all state funds, the loss was $1.44 billion.

From 2022:

Personal income tax receipts in April, still the state’s largest tax-paying month, hit $5.440 billion, up 99.9% from the $2.721 billion collected in April 2021.

Corporate income tax growth was also peppy, soaring 63.5%, up from $1.13 billion a year ago to $1.847 billion now.

For the year to date—Illinois’ fiscal year ends June 30—individual income tax receipts are up $3.91 billion, or 18.8%, and corporate income taxes are up $1.973 billion, or 56.5%.