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State Leaders, Lawmakers React to $55.2B State Budget that Passed Just Before Midnight Deadline

  • Illinois lawmakers passed a $55.2 billion state budget late Saturday for Fiscal Year 2026 covering July 1, 2025, to June 30, 2026.
  • The budget reflects nearly a 40 percent increase in spending since 2019 and includes about $1 billion in new taxes on working families and businesses.
  • Key provisions include funding for K-12 schools, public transit investments including Chicago-Rockford rail service, and a 2.5% wage increase for state troopers effective next year.
  • Critics condemned the budget’s size and passage without bipartisan input, while supporters highlighted its balanced nature and focus on fiscal responsibility without raising income or sales taxes.
  • The budget signals ongoing fiscal challenges and political division yet aims to support economic growth, public services, and regional development across Illinois.
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AdVantageNews.com broke the news in on Sunday, June 1, 2025.
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