Illinois’ budget on track for deficit as new federal policies create challenges
State lawmakers also face a $2.2 billion deficit next fiscal year, the report projects.
Tag: FY26 Budget
The 2026 Illinois budget coverage of state government
State ends fiscal year with record revenue
Illinois received $54 billion in revenue in fiscal year 2025 that ended June 30.
Illinois’ soil conservation funding stagnates amid recent high-profile dust storms
Conservation workers in the state say lawmakers continue to deprioritize their efforts.
Pritzker signs $55.1B state budget reliant on $700M of new taxes
Illinois’ fiscal year 2026 budget signed by Gov. JB Pritzker has more than $1 billion of tax increases and one-time ...
Raoul’s office to receive $15.7M budget increase for operations
Raoul asked lawmakers for a $15 million increase.
Illinois’ $55.2B budget ‘incomplete,’ Civic Federation president says
Illinois lawmakers are watching Congress to see whether federal action will require them to return to Springfield to amend the ...
New taxes on sports bets, nicotine products as Democrats pass $55.2B budget
The budget measures passed just before midnight with little time for public review.
Lawmakers unveil $55B spending plan with just 1 day left to pass it
Illinois Democrats introduce $55 billion budget on Friday evening — one day before the deadline for adjournment.
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.
State budget talks enter final week amid fears of congressional cuts
Illinois lawmakers are working through final details of the state budget with the goal of approving it by May 31.
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