Illinois Faces Massive Decline in Tax Revenue, Study Warns (3)

Illinois is facing a devastating fall in revenue from the virus’s impact on the economy. Minnesota, meanwhile, is adding relief for businesses, and a New York state senator has introduced a bill to give tax relief to frontline medical personnel. Here’s the latest on shifting state tax guidelines, deadlines, and policy to deal with the coronavirus pandemic. For Wednesday’s coverage click here. Here’s a state-by-state roadmap.

Illinois could be facing revenue losses of as much as $28.4 billion over three years as the health crisis plays out, according to a report released Thursday by the University of Illinois’ ...