Illinois budget

Illinois’ largest-ever spending plan increases education, human services and infrastructure funding.

In order to boost infrastructure spending and avoid a projected fiscal cliff facing the state in the next couple of years, Democrats who control Illinois' government are betting on two of its most rapidly growing revenue sources: sports wagering and video gambling.

The standard exemption increase will mean an extra $69 or so for families of four. The tax credit will once again be tied to inflation after lawmakers last year quietly untied it.

Democrats needed three tries to pass $1.1 billion revenue plan just before 5 a.m.

The fiscal year 2025 spending plan spends $400 million more than what Gov. JB Pritzker proposed in his February budget address.

Illinois' state agency heads received a letter this week instructing them to identify $800 million in collective budget cuts if lawmakers don’t deliver on Gov. J.B. Pritzker's tax requests.

Republicans in the Illinois General Assembly who are critical of the governor’s proposed budget are limited in what they can do since they are in the super minority in both chambers.

Illinois Gov. J.B. Pritzker will include the $10 million ask in his budget proposal for the next fiscal year to erase $1 billion in Illinoisan's medical debt. The investment would mark the first in a multi-year plan.

Illinois Gov. J.B. Pritzker said the state plan to eliminate preschool deserts had a successful first year and celebrated East Alton-based Wieland Manufacturing's $500 million investment to modernize its facility.

The five-year forecast from the Illinois governor’s budget office indicates Illinois is still facing a structural budget deficit.