cogfaEvery month, the Illinois Commission on Government Forecasting and Accountability puts out a report on the state’s budget and economy.

In July’s edition, the commission’s numbers continue to show a stronger economy than in 2013. Key economic indicators including new car and truck registrations, single-family housing permits, exports and the Chicago Purchasing Index are all up over last year. At the same time, unemployment is down.

Some other positive news for the economy: state sales tax revenue is up, reflecting consumers’ increasing spending on consumer goods. The state’s franchise tax revenues are also up, which means businesses are investing more money in Illinois.

Read the full report here.

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