Illinois Reserves $482 Million in FY26 Budget Amid Federal Economic Uncertainty

Illinois to withhold nearly $500M in spending amid federal uncertainty

Gov. JB Pritzker’s office plans to hold back nearly $500 million in spending as the state faces uncertainty over the economy and federal funding.

Capitol News Illinois | Illinois to withhold nearly $500 million in spending, citing federal uncertainty

Gov. J.B. Pritzker’s office plans to hold back nearly $500 million in spending for the current fiscal year as the state faces constant uncertainty over the economy and federal funding.

State finds nearly $500 million in budget reserves amid federal funding uncertainty

Gov. JB Pritzker’s administration on Thursday announced it has identified nearly $500 million it will keep in budget reserves following the governor’s request last year that state agencies identify 4% of their budgets to hold back amid federal budget uncertainty.

Illinois to withhold nearly $500M in spending, citing federal uncertainty – Capitol News IL

The reserves make up less than 1 percent of the state’s budget and largely focus on cost savings such as forgoing hiring in certain agencies for the rest of the fiscal year, which ends June 30.

Illinois Gov Pritzker says nearly a half-billion put in reserves as GOP questions state spending

Pritzker’s office said the reserves were identified to mitigate fiscal risk amid economic uncertainty that he claims is driven by the Trump administration.

Illinois prepares for federal funding cuts with $481.6 million reserve

Illinois state agencies have been ordered to set aside nearly half a billion dollars as a reserve as the state prepares for potential funding cuts from the federal government.