Latest Chicago transit funding plan appears to avoid statewide tax increases
The measure surfaced late Thursday on the final scheduled day of the fall veto session.
Budget
The latest Illinois budget coverage of state government to newspapers, broadcast outlets and other media throughout the state.
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.
Pritzker directs agencies to limit spending in response to Trump’s economic policies
Gov. JB Pritzker said the One Big Beautiful Bill and tariffs will put pressure on the economy and state budget.
Federal housing credit expansion could increase affordable rental units in Illinois: report
Affordable housing advocates say Illinois lawmakers should enact a state low-income housing tax credit to complement more federal funding.
Housing funding cut in Illinois budget as homelessness increases
Total funding for Illinois housing programs declined by more than $14 million in the FY26 budget as homelessness increased.
State ends fiscal year with record revenue
Illinois received $54 billion in revenue in fiscal year 2025 that ended June 30.
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.
More news from the IllinoisStatehouse delivered to your
inbox.