Illinois economic outlook continues upward trend

State tax revenues and personal income continued to grow in April, according to the latest data available in an ongoing University of Illinois study.

The university’s “flash index” score for the state rose to 107.1 in April, the second-highest rate since the recession. A score above 100 indicates a growing economy.

The score is a weighted average of Illinois growth rates in corporate earnings, consumer spending and personal income as measured by tax receipts. In April, revenues from individual and corporate income taxes were significantly higher than those in April 2014 sales tax revenue saw a slight increase as well.

For more information, go to the Champaign News-Gazette.