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Pritzker Signs $55.1B Illinois Budget Reliant on $700M of New Taxes

  • Governor JB Pritzker signed a $55.1 billion Illinois fiscal year 2026 budget into law on June 16, 2023, which is the largest in state history.
  • The budget includes over $700 million in new taxes and raised spending by $2 billion from the previous fiscal year, despite some opposition from Republicans and a few Democrats.
  • The elimination of the Health Benefits for Immigrant Adults program will save the state $330 million, while maintaining funding for Health Benefits for Immigrant Seniors, according to state officials.
  • Pritzker stated that Illinois is balancing its budget while improving its fiscal condition.
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Pritzker signs budget, other bills

·United States
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WTTW broke the news in Chicago, United States on Monday, June 16, 2025.
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