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Illinois Governor Governor’s office cuts revenue projection by $500M in latest downward estimate

Capitol News Illinois

Governor’s office cuts budget revenue projection by $500M

SPRINGFIELD (Capitol News Illinois) — Gov. JB Pritzker’s office is now projecting state revenues to come in about a half-billion dollars below the baseline projections assumed during his February budget address. The latest downward revision comes as lawmakers are entering the final two-week stretch to approve a budget before their May 31 deadline amid increasing economic uncertainty. While Pritzker’s office blamed changes made by the Trump administration for revenue shortfalls, the new fiscal reality is almost certain to make passing […]

todayMay 16, 2025 41

Illinois Pritzker

Capitol News Illinois

Pritzker must address multi-billion-dollar deficit

SPRINGFIELD (Capitol News Illinois) — The relative ease of budgeting following the pandemic thanks to federal aid and strong tax revenue surpluses for the state appears to be over. Gov. JB Pritzker will present his seventh budget proposal Wednesday as the state faces a projected $3.2 billion revenue shortfall for fiscal year 2026, which begins July 1. Federal pandemic aid has all been allocated and the economy has slowed, leaving tax revenue projections relatively flat for the coming years. On […]

todayFebruary 17, 2025 69

Illinois pension

Capitol News Illinois

State lawmakers consider pension changes

SPRINGFIELD (Capitol News Illinois) — Changes that would make Illinois pension systems compliant with Social Security by improving benefits for government employees hired since 2011 could be on the table when lawmakers return to Springfield in January.   The General Assembly passed legislation in 2010 to create a second tier of state pension benefits in hopes of reducing long-term liabilities. But the latest benefits structure for employees entering the government workforce after 2010, known as Tier 2, has raised concerns about […]

todayDecember 26, 2024 94

Illinois health vaccine

Capitol News Illinois

How RFK Jr.’s health proposals could affect Illinois

WASHINGTON/SPRINGFIELD (Capitol News Illinois) -- Every new presidential administration comes with policy changes, but the incoming second administration of President-elect Donald Trump and his proposed secretary of Health and Human Services, Robert F. Kennedy Jr., could dramatically reshape the public health landscape. Kennedy, a former political rival of Trump, became a close ally of Trump over the final months of the 2024 campaign and was named to the HHS post shortly after the election. The department houses the National Institutes […]

todayDecember 5, 2024 111

Illinois State Board of Elections

Capitol News Illinois

Illinois State Board of Elections certifies 2024 election results

SPRINGFIELD (Capitol News Illinois) — Vice President Kamala Harris won Illinois by nearly 11 points as turnout dipped in 2024, according to official election results certified by the State Board of Elections. The board met Monday to certify the results of the 2024 election and released final vote totals for races around the state, including locking in several close legislative races. The results also reflected shifts in turnout and voting behavior. Illinois saw turnout dip in 2024 compared to recent […]

todayDecember 5, 2024 125

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