illinois state budget
The latest report from the Center for Tax and Budget Accountability shows that spending on four “core” state services in the governor’s proposed Fiscal Year 2026 budget will be 9.1 percent less in real dollars than it was way back in Fiscal Year 2000. Those four core services are education, healthcare, human services and public…
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CHICAGO – Gov. JB Pritzker on Wednesday signed the state’s $53.1 billion spending plan for the upcoming fiscal year, the largest in state history. The signing caps months of work – and tension – among top Democratic leaders in Springfield and within the governor’s office. Pritzker said Wednesday the budget is a demonstration of “fiscal…
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CHICAGO – Gov. JB Pritzker signed the state’s operating budget for the upcoming fiscal year on Wednesday, marking the first spending plan of his second term as governor. The $50.4 billion spending plan anticipates about $50.6 billion in revenues for the fiscal year that begins July 1, making for a projected surplus of roughly $183…
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SPRINGFIELD – A House revenue committee this week heard projections of an Illinois economy that is steadily moving back toward a level of pre-pandemic normalcy, which means revenue spikes realized due to temporary changes in consumer spending habits and federal stimulus packages are expected to subside. Illinois Department of Revenue Director David Harris characterized the…
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By: Ted Dabrowski and John Klingner from WIREPOINTS Illinois lawmakers have passed a budget for fiscal year 2022 that does nothing to improve the fiscal and economic trajectory of this state. Missing were the many spending reforms Illinois needs to bring down its pension debts and high property tax rates. The budget reportedly spends $42.2 billion of $42.3 billion…
Read Full Article April 01, 2025
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