Tag: Budget

Pritzker signs nearly $56B budget with new business taxes

By Ben SzalinskiCapitol News Illinoisbszalinski@capitolnewsillinois.com Governor JB Pritzker signed the eighth budget of his tenure June 16 as he and Illinois Democrats gear up for an election-year battle centered around affordability — though he had to issue a clean-up veto aimed at addressing late-night drafting errors. The fiscal year 2027

Illinois session slog ends in $56B budget

By Ben SzalinskiCapitol News Illinoisnews@capitolnewsillinois.com Illinois lawmakers approved the Illinois budget early Monday morning, June 1, after slogging through the night, enacting new taxes on businesses and authorizing less spending than what governor JB Pritzker proposed in February. “It’s allowed us to be prepared for the great reality we face

Education bills: Cell-phone ban, child care licensing

By Peter HancockCapitol News Illinoisphancock@capitolnewsillinois.com Governor JB Pritzker says he intends to sign legislation imposing a statewide ban on cell phones and other wireless communication devices during instructional time in public schools and charter schools. Although many districts in Illinois have already adopted more stringent bans of their own, Senate

Stephanie Kifowit supports balanced State budget

State representative Stephanie Kifowit, D-Oswego, voted in support of the Fiscal Year 2027 Illinois State Budget, a balanced spending plan that strengthens investments in education, public safety, healthcare, and essential services while maintaining Illinois’ commitment to fiscal responsibility. “As lawmakers, one of our most important responsibilities is passing a balanced

Illinois budget: Strong revenue, uncertain outlook

By Ben SzalinskiCapitol News Illinoisbszalinski@capitolnewsillinois.com The biggest item on Illinois lawmakers’ agenda this spring is still a work in progress with six weeks left in the legislative session. Democrats are entering the home stretch of budget negotiations ahead of their scheduled May 31 adjournment while monitoring better-than-expected revenue growth alongside

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