Pritzker Signs Nearly $56B Budget With New Business Taxes, Minimal Spending Increase
The plan funds schools and healthcare while delaying the gas tax increase and adding new revenue from social media, digital assets and fantasy sports.
- On Tuesday, Governor JB Pritzker signed Illinois' $55.9 billion fiscal year 2027 budget in Chicago, marking his eighth consecutive balanced spending plan taking effect July 1.
- Lawmakers passed the legislation during a rushed spring session ending June 1, forcing Pritzker to issue "item" and "reduction" vetoes to correct thousands of pages containing inadvertent errors.
- The budget appropriates $10.8 billion to the State Board of Education and $1.2 billion for lead service line replacement, funded through new taxes on digital assets, social media companies, and fantasy sports.
- Senate Republican Leader John Curran criticized the plan as "not a responsible budget," citing $800 million in tax increases, while Pritzker defended it as protecting fiscal health and affordability.
- Taking effect July 1, the budget includes a six-month pause on a per-gallon gasoline tax increase and covers the final six months of Pritzker's term as he seeks reelection.
21 Articles
21 Articles
Pritzker Signs Nearly $56B Budget With New Business Taxes, Minimal Spending Increase
Pritzker Signs Nearly $56B Budget With New Business Taxes, Minimal Spending Increase Ben Szalinski … Tue, 06/16/2026 - 16:51 Article Summary Gov. JB Pritzker signed the fiscal year 2027 budget, which totals $55.9 billion, making it the largest in state history — though he had to once again issue a clean-up veto aimed at addressing drafting errors. Pritzker said the budget aims to make life more affordable for people, such as by suspending the …
The Southern
Muscatine JournalPritzker signs nearly $56B budget with new business taxes as he seeks 3rd term
Gov. JB Pritzker signed the eighth budget of his tenure on Tuesday as he and Illinois Democrats gear up for an election-year battle centered around affordability — though he had to issue a clean-up veto aimed at addressing late-night drafting…
Pritzker signs nearly $56B budget with new business taxes as he seeks 3rd term - IPM Newsroom
Illinois Newsroom - Budget contains minimal spending increase despite being largest in state history. The post Pritzker signs nearly $56B budget with new business taxes as he seeks 3rd term appeared first on IPM Newsroom.
Coverage Details
Bias Distribution
- 78% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
