Gov. JB Pritzker’s $42 billion spending plan may have gotten a mixed reception — but both Republicans and Democrats have their fingers crossed revenue from the state’s income tax will continue to flood state coffers.

Senior officials in Pritzker’s budget office are projecting individual income tax growth of $691 million in the 2021 fiscal year for a total of $20.1 billion in individual income tax revenues — a 3.6 percent increase as compared with 2020.

However, a report out this week prepared for the Commission on Government Forecasting and Accountability by Moody’s Analytics sounds a warning that the state’s economy may sour — and Illinois is among the states least prepared for a sudden downturn.

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