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 vetoes correcting inadvertent errors in thousands of pages, including removing $500 billion in erroneous spending.
- The budget appropriates $10.8 billion to the State Board of Education and $1.2 billion for lead service line replacement, funded by $800 million in new taxes on social media, digital assets, and fantasy sports.
- Senate Republican Leader John Curran criticized the plan as "not a responsible budget," citing the $800 million in tax increases, while Pritzker defended it as making life more affordable for working families.
- 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 current term as he seeks reelection to a third term.
29 Articles
29 Articles
Rep. Kevin Schmidt Issues Statement After Governor Pritzker Signs State Budget
MILLSTADT, Ill. – After the largest-in-history $55.9 Billion FY 27 State Budget was signed into law by Governor Pritzker on June 16, 2026, State Representative Kevin Schmidt (R-Millstadt) issued the following statement.“I am disappointed that Governor Pritzker signed a budget that will increase costs for Illinois families," said Schmidt. "This budget raises taxes another $800 million and will create more burdens for working families and business…
Capitol News Illinois | Pritzker signs nearly $56 billion budget with new business taxes
Gov. J.B. 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 budget sending millions to NGOs – Center Square
When asked about the state funding non-governmental organizations over other spending priorities or tax relief, the governor said NGOs perform services on behalf of the government. Among many other NGO line items, the budget includes $4 million for Bright Star Community Outreach, $3.2 million for Ada S. McKinley Community Services, $2 million for Chicago Survivors and $1 million for the Puerto Rican Cultural Center, all of which are located in C…
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 …
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