Pritzker signs $55.1B state budget reliant on $700M of new taxes
It’s the largest budget in state history despite cuts and freezes.
Tag: budget
Amid uncertainty in Washington, Illinois lawmakers pass slimmed-down Medicaid package
The Illinois Medicaid program currently costs about $33.7 billion a year, according to the Department of Healthcare and Family Services.
Lawmakers unveil $55B spending plan with just 1 day left to pass it
Senator says no new taxes on sales or income but full revenue plan is not yet public.
House GOP pushes ‘big’ budget resolution to passage, a crucial step toward delivering Trump’s agenda
House Republicans have muscled their budget blueprint to passage, with a push from President Donald Trump. The vote late Tuesday evening is a crucial step toward delivering what he’s called his “big, beautiful bill,” with $4.5 trillion in tax breaks and $2 trillion in spending cuts.
Local journalism tax credit application window opens
News organizations in Illinois can now apply to receive tax credits for journalists that were on their payroll in 2024.
House approves funding bill and sends to Senate hours before government shutdown deadline
The plan would temporarily fund federal operations and disaster aid, but drops President-elect Donald Trump’s demands for a debt limit increase into the new year. It next goes to the Senate, for expected quick passage.
Lawmakers return to Springfield as projected budget deficit looms
Illinois lawmakers returned to Springfield Tuesday for the first time since May following news earlier this month that they’re facing a projected $3.2 billion budget deficit.
Illinois faces a $3 billion shortfall in 2026, a new report shows
If the projections hold true, Democratic Gov. JB Pritzker could face difficult financial decisions, from increasing taxes to cutting spending. The relative financial calm that has marked Illinois Gov. JB Pritzker’s six years in office may soon be coming to a close as his administration Friday forecast a more than $3 billion budget shortfall for the
University of Illinois system approves more than $8 billion budget to keep up with growing number of students
URBANA — The University of Illinois Board of Trustees approved an $8.3 billion budget for the current fiscal year, representing a 6.2% increase from fiscal year 2024. The U of I system reported another record year in student enrollment for the fall semester, with a systemwide total of 97,772 enrolled students at the universities in
Champaign floats sales tax increase to replace statewide grocery tax
Illinois Governor JB Pritzker signed the state budget on Wednesday that eliminates the statewide, 1 percent grocery tax. Because the tax was a source of revenue for local governments, the city of Champaign is looking for ways to offset a loss of about $2.7 million per year.
Budget negotiations will extend into next week as House leaves Springfield
Two chambers ‘very close’ on agreement, but further amendments expected.
Illinois downstate delegation splits vote to raise debt ceiling
The votes on raising the nation’s debt ceiling fell along party lines among the downstate Illinois congressional delegation.
Miller says she will vote against debt limit deal
Rep. Mary Miller (R-IL15) says she will not support the debt ceiling deal negotiated by President Biden and House Speaker McCarthy.
State budget clears first hurdle with Senate vote — but elected school board map hits possible stall until next year
The plodding along on the state budget could still see the Illinois House passing the $50.6 billion spending plan by Friday.
Senate Democrats send budget to House, teeing it up for early Saturday morning vote
Measure came to vote after frenzied two days of closed-door negotiations.