State Budget

Illinois is on track to run a more than $200 million deficit just three months into the current fiscal year, according to the Governor’s Office of Management and Budget.

Illinois agencies must identify spending reductions and create reserves in their budgets to prepare for an economic downturn, according to an executive order issued Tuesday by Gov. JB Pritzker.

Gov. JB Pritzker signed Illinois’ fiscal year 2026 budget into law Monday, taking shots at President Donald Trump’s budget management to defend hard choices state lawmakers were forced to make this year.

Illinois GOP lawmakers from Central Illinois held a townhall meeting this week following the end of the Spring session. The town hall took place online on Sen. Sally Turner’s Facebook page. Turner was accompanied by Rep. Bill Hauter and Rep. Regan Deering, who both represent parts of McLean County.

Illinois’ latest budget misses the mark in several key areas, according to one independent nonprofit fiscal analyst.

In the days following the end of the session, Illinois State Senator Dave Koehler of Peoria looked back at the tense spring session.

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.

Illinois Democrats introduced what a leading budgeteer described as a $55 billion budget Friday evening ahead of a Saturday deadline to pass the fiscal year 2026 spending plan.

Leaders warn lawmakers have little room to expand state programs

Gov. JB Pritzker’s office is now projecting state revenues to come in about a half-billion dollars below the baseline projections assumed during his February budget address.