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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.
29 Articles
29 Articles
Illinois Pritzker Budget Reaction Erupts as Lawmakers Clash
Illinois lawmakers offered sharply different reactions following Gov. J.B. Pritzker’s latest budget and State of the State address, highlighting ongoing disagreements over spending priorities, economic performance, and the cost of living in the state. Democratic leaders largely praised the governor’s focus on continued investment in public programs. Illinois Senate President Don Harmon said the proposal reflects shared priorities across the Demo…
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…
Sen. Belt, Others Issue Reactions To Pritzker's Proposed Budget
Belt reacts to FY 27 budget proposalSPRINGFIELD – After hearing the governor’s budget proposal for Fiscal Year 2027, State Senator Christopher Belt (D-Swansea) released the following statement:“Even though the federal government has put funding for many Illinois programs on the chopping block, Illinois families and small businesses cannot afford any new taxes. Democrats and Republicans have to work together over the next several months to pass a…
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