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: Governor’s Office of Management and Budget (GOMB)
Pritzker signs nearly $56B budget with new business taxes as he seeks 3rd term
New spending in the budget is minimal as expected revenue growth slows.
What to know about COGFA’s Friday state revenue update
An update released Friday shows current fiscal year revenue is expected to be about 1.2% higher than what lawmakers budgeted ...
Pritzker to present 8th budget as Illinois faces federal funding uncertainty
Progressive Democrats are pushing for more taxes to fund social services slashed by Congress.
Pritzker’s new budget report could set tone for conservative 2027 spending plan
The new report seeks to quantify the cost of federal funding cuts, freezes and policy changes.
Illinois to withhold nearly $500M in spending, citing federal uncertainty
Several state agencies will forgo hiring and keep funding in reserve to save money in the coming months.
Illinois Medicaid program faces looming funding crisis due to federal changes
Federal changes under Trump’s “One Big Beautiful Bill Act” threaten long-term funding of Illinois’ Medicaid program.
State education board OKs $10.9B budget request
Illinois education officials seek modest funding increase amid budget uncertainty.
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.
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.
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