US EditionGovernor Pritzker set to sign $55.2B Illinois budget
- Illinois Governor J.B. Pritzker signed the $55.2 billion fiscal year 2026 state budget into law on Monday in Chicago, marking the largest spending plan in state history.
- Last month, lawmakers passed the budget exclusively along party divisions to meet the June 1 deadline and bypass the need for a three-fifths majority vote.
- The budget raises nearly $1 billion through tax hikes on corporate earnings, phones, tobacco, sports betting, bed and breakfasts, and includes $100 million in fund sweeps.
- Governor Pritzker stated that for the seventh consecutive year, diligent effort and careful negotiation have enabled the state to fulfill its commitment to support Illinois families, while opponents caution that the budget plan may threaten long-term financial stability.
- The budget prioritizes sustaining investments in education, health, and public safety, increases the Budget Stabilization Fund to nearly $2.5 billion, but delays resolving a $770 million transit crisis.
12 Articles
12 Articles
Pritzker signs rapidly passed budget that leaves out big ticket items - Washington Examiner
Gov. JB Pritzker (D-IL) signed Illinois’s $55 billion fiscal 2026 budget into law on Monday, the largest budget in the state’s history. The General Assembly’s 3,000-page budget avoided sweeping tax increases on income and sales, instead relying on over $1 billion in quieter revenue changes. These include $482 million in tax hikes, $100 million in fund sweeps, and $444 million in one-time measures. Republicans argue these tactics reflect a tende…
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Enacting largest IL budget ever with tax increases, Pritzker criticizes Trump
(The Center Square) – Taxes are going up for cell phones, tobacco and vaping products, sports betting, bed and breakfasts and more with the new state budget Illinois Gov. J.B. Pritzker signed Monday in Chicago.
Illinois Gov. Pritzker signed $55.1B state budget plan
SPRINGFIELD, Ill. (WMBD) -- Gov. JB Pritzker, along with fellow politicians, took the stage today to sign the fiscal year 2026 budget. Gov. Pritzker and Lieutenant Governor Juliana Stratton joined House Speaker Emanuel “Chris” Welch and budget leaders from each chamber to sign the FY26 state budget package. According to a release from Pritzker's Office, the $55.1 billion budget builds on six years of progress, prioritizing Illinois’ long-term fi…
Illinois Freedom Caucus calls state budget a ‘generational curse’ on taxpayers
The Illinois Freedom Caucus has expressed its opposition to the recently passed state budget, labeling it a "generational curse" on taxpayers. The group accused Democrats of approving the budget at midnight for their own financial benefit.In early June, Illinois Democrats approved a $55.2 billion budget late on a Saturday night, which left "almost no time for review" before its passage. This move drew criticism for secrecy and haste, particularl…
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