State ends fiscal year strong — surpassing initial estimates by $1B
The strong close is mitigated by the fact that lawmakers already allocated more $830 million in supplemental fiscal year 2026 ...
Tag: Commission on Government Forecasting and Accountability (COGFA)
The $500B error in Illinois’ budget
The Illinois Constitution gives governors power to eliminate or reduce spending lines in the budget without rejecting the whole bill.
Federal drug discount expansion proposal may cost Illinois millions, agency head says
Debate continues over expansion of 340B discount drug program
Illinois’ budget picture tightens in final stretch amid economic uncertainty
Deputy Gov. Andy Manar warned lawmakers will have limited room for new spending.
Illinois legislators gear up for final budget talks
Revenue projections for fiscal year 2026 remain on track after the largest receipting month of April
No ‘April surprise’ in latest revenue report
State revenue growth is on track to meet expectations and there was no “April surprise” from income tax receipts. The ...
For young people looking to take over Illinois farms, the costs can be steep
The average age of farmers in Illinois is over 58. High input costs, a hefty estate tax, and an older ...
State posts strong March revenue numbers
Revenue was up 4.8% in March, or $233 million from the previous year, due to continuing growth in sales and ...
Estate tax reform ‘something that I could support,’ Pritzker says
Even as state leaders sang the praises of FFA and enjoyed baskets filled to the brim with Illinois agriculture products, ...
Sports betting tax becomes battleground between Chicago and state lawmakers
The tax was passed on June 1, 2025, and city officials projected the measure would generate $26.2 million.
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