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Amid ‘unprecedented’ prolonged revenue boom, state finds budget breathing room Amid ‘unprecedented’ prolonged revenue boom, state finds budget breathing room

Amid ‘unprecedented’ prolonged revenue boom, state finds budget breathing room

Sustained higher-than-predicted state tax revenues have in recent months given lawmakers a level of budgeting flexibility that is, at least in modern times, without precedent in a state with a reputation for perilous finances. For the current fiscal year and the one before it, that’s led to another uncommon Capitol occurrence: budget surpluses in the billions of dollars.

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The disaster declaration brought on by the COVID-19 pandemic officially ends Thursday, May 11. Gov. JB Pritzker reflects on what that means and how Illinois got through the last three years.

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