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Pritzker to Lay Out FY2027 Illinois Spending Plan in State of the State Address
- Illinois Gov. J.B. Pritzker will deliver the State of the State and FY2027 budget address in Springfield at 12 p.m. Wednesday, outlining his vision for spending, revenue, and cuts amid tight fiscal conditions.
- Facing a $2.2 billion budget gap for FY2027, Illinois struggles with federal funding changes linked to the Trump administration and Moody's Analytics reports citing population loss, a shrinking tax base, and pension liabilities.
- A statewide zoning proposal would limit local housing restrictions, allow multi-unit homes on lots over 2,500 square feet, and seek $250 million in capital funding for housing infrastructure.
- Top legislative leaders briefed yesterday said the budget must hew to a tight fiscal year, expecting a responsible, balanced proposal, and lawmakers will negotiate a final budget by the end of May.
- Pritzker will sign an order to pursue 2 gigawatts of new nuclear capacity, with a report due in 150 days, and call for a two-year pause on data center tax incentives starting July 1, instructing agencies to study their impacts.
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Gov. JB Pritzker's affordability-focused $56B budget proposal includes new tax on social media companies
SPRINGFIELD — Gov. JB Pritzker appealed to residents’ pocketbook concerns at a time when “everything is just too damned expensive” while arguing the case Wednesday for his $56 billion state budget proposal, one that leans on a new tax on big social media companies to help weather gloomy economic straits.But the Democratic governor closed out his annual State of the State address with a message of love in the face of “cruelty and rage” under Pres…
·Chicago, United States
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Gov. JB Pritzker to propose suspending tax incentives for data centers in Illinois
Illinois Gov. JB Pritzker is expected to call for a two-year suspension of tax incentives offered to develop data centers amid growing scrutiny over their rapid expansion and impact on communities.
·United States
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Total News Sources21
Leaning Left3Leaning Right3Center9Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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