Requests for new K-12 funding in Illinois likely to outstrip available resources
The board submits its request to the governor and lawmakers at the start of each year.
Tag: Commission on Government Forecasting and Accountability (COGFA)
Illinois bill ‘decouples’ state, federal taxes, raising revenue and angering businesses
Tax policy changes could largely eliminate a projected deficit in the current fiscal year.
Pritzker directs agencies to limit spending in response to Trump’s economic policies
Gov. JB Pritzker said the One Big Beautiful Bill and tariffs will put pressure on the economy and state budget.
State ends fiscal year with record revenue
Illinois received $54 billion in revenue in fiscal year 2025 that ended June 30.
‘This issue isn’t going away’: Illinois lawmakers delay pension reform again
Illinois labor unions have been working for years to seek better benefits for Tier 2 employees.
Pritzker threatens to veto any budget containing ‘broad-based’ tax increase
Gov. JB Pritzker promises to veto a budget that includes a tax increase on individuals, corporations or the sales tax.
Governor’s office cuts revenue projection by $500M in latest downward estimate
Gov. JB Pritzker’s office is lowering revenue expectations for fiscal year 2026 as lawmakers finalize the budget.
State on track to end health coverage program for immigrant adults
A state-funded health care program for certain noncitizens could be nearing its end.
State revenue projections improve as economic uncertainty grows
A new projection shows revenue could be better than Illinois lawmakers anticipated two months ago.
ANALYSIS: Pritzker, Mendoza see record ‘rainy day fund’ balance as proof of fiscal achievement
The state’s “rainy day” fund – spent down to essentially nothing during the 2015-2017 budget impasse – now has its ...
More news from the Illinois Statehouse delivered to your inbox.