Tag: Budget

K-12 requested funding in Illinois likely to exceed resources

By Peter HancockCapitol News Illinoisphancock@capitolnewsillinois.com If advocates, stakeholders, and members of the public were granted all their requests for public school funding next year, lawmakers would have to increase the State’s K-12 education budget by nearly three-quarters of a billion dollars. That’s the approximate total of all the requests that

State agency spending cut plans remain unclear following Pritzker’s order

By Ben SzalinskiCapitol News Illinoisbszalinski@capitolnewsillinois.com  Most state agencies were required to submit spending cut plans to Gov. JB Pritzker by Oct. 23, but the governor’s office has declined to release details about those plans.  A spokesperson for Pritzker said the governor’s budget office is still reviewing the proposed cuts.  “Gov.

Lawmakers approve $1.5B transit funding package without statewide tax increases

By Ben SzalinskiCapitol News Illinoisbszalinski@capitolnewsillinois.com Illinois lawmakers approved new funding for public transportation agencies without large statewide tax increases previously proposed.  Instead, the measure would be fueled by revenue sources that currently feed the state’s Road Fund and an increased sales tax targeted to the Chicago area. The bill frustrated

Illinois Democrats push through $55.2 billion budget

By Ben Szalinski & Jerry NowickiCapitol News Illinoisnews@capitolnewsillinois.com Giving almost no time for public review, Illinois Democrats pushed through a $55.2 billion budget for next fiscal year late Saturday, bolstering coffers with new taxes on sports bets, nicotine products and businesses. The $55.2 billion spending plan is supported by $55.3

State revenue projections improve, economic uncertainty

By Ben SzalinskiCapitol News Illinoisbszalinski@capitolnewsillinois.com The General Assembly’s independent forecasting commission has improved revenue projections for the upcoming fiscal year despite growing economic volatility. That’s good news for state lawmakers who are in the final weeks of crafting the fiscal year 2026 budget set to take effect July 1. But

Pritzker calls $55.2B budget ‘responsible and balanced’

By Ben Szalinski, Peter Hancock, & Jerry NowickiCapitol News Illinoisnews@capitolnewsillinois.com An improved revenue forecast is helping ease pressure on state finances as governor JB Pritzker calls for tightened spending to balance the budget without tax increases on everyday Illinoisans. During his annual state of the state and budget address on

Pritzker’s budget office projects $3.2B deficit

By Jerry NowickiCapitol News Illinoisjnowicki@capitolnewsillinois.com The first extensive public look at next year’s State finances contains a warning to lawmakers from the governor’s office: “The ability to fund new programs will be severely limited” next fiscal year. That comes from the Governor’s Office of Management and Budget, which projected a

DuPage County budget Fiscal Year 2025

DuPage County Board chair Deborah Conroy presented a balanced budget for Fiscal Year 2025 Tuesday, Sept. 24, outlining key priorities that support vital County services in a cost-effective, fiscally responsible manner. The proposed FY 2025 budget totals $635.8 million, with a General Fund of $257.1 million. The budget includes a

Governor signs $53.1 billion Illinois budget

By Andrew Adams, Jerry Nowicki, & Hannah MeiselCapitol News Illinoisnews@capitolnewsillinois.com Governor JB Pritzker Wednesday, June 5, signed the State’s $53.1 billion spending plan for the upcoming fiscal year, the largest in State history. The signing caps months of work – and tension – among top Democratic Party leaders in Springfield

Five-year forecast from governor’s budget office indicates Illinois still facing structural budget hole

By Jerry NowickiCapitol News Illinoisjnowicki@capitolnewsillinois.com With Illinois lawmakers scheduled to return to legislative session in less than a month, a recent government fiscal forecast provides an overview of the budgeting landscape that awaits them. The bottom line from the five-year forecast from the Governor’s Office of Management and Budget: The

Higher education commitment in Illinois: JB

By Nika Schoonover On his latest marketing tour to sell his State budget plan, governor JB Pritzker visited a community college in Normal Tuesday, March 14 to highlight his proposed investments in higher education. “With an additional $100 million directed to the (Monetary Award Program) grant program, a student can

Illinois State budget at hand

By Jerry Nowicki Governor JB Pritzker’s second-term legislative agenda will begin in earnest next week when he proposes his fifth annual State budget to lawmakers in the General Assembly. Although a governor’s proposal usually provides framework for the State’s annual spending plan, it rarely makes it through the General Assembly

Illinois governor signs $46 billion plan to pay debts

By Jerry Nowicki Governor JB Pritzker signed his final first-term budget into law Tuesday, a roughly $46 billion spending plan buoyed by pandemic-driven revenue windfalls and a current-year surplus that helped the State pay down debts and offer temporary tax relief. Among the three budget-related bills signed Tuesday, House Bill

Praise for alderman O’Connor’s balanced budget in Aurora

By Jason Crane At the Aurora city government meeting Tuesday, through the Zoom video conference platform, the City Council unanimously approved a $406,358,000 balanced budget for 2021. The meeting can be viewed on the City’s YouTube page: https://www.youtube.com/watch?v=Eygew_SaQfU There were no speakers for the budget public hearing, or the three

DuPage County Board approves 2021 budget

The DuPage County Board Tuesday approved its Fiscal Year 2021 budget, which includes a balanced, $483.3 Million spending plan. The FY 2021 spending plan increased funding for public safety. The State’s attorney’s office received additional allocations to support for three special prosecution units and increased resources for investigations and trial

Representative Stephanie Kifowit on State budget

Following passage of a State budget that prioritizes health care and essential services, State representatives Stephanie Kifowit, D-Oswego, issued the following statement Saturday: “First and foremost, I would like to acknowledge all of our frontline workers during this difficult time and thank all the nurses, doctors and first responders for