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Elgie Sims

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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 84

Illinois JB Pritzker

Capitol News Illinois

Temporary tax relief measures to begin Friday in Illinois

SPRINGFIELD (Capitol News Illinois) – Illinoisans will receive some modest tax relief starting Friday when the state’s new fiscal year begins. That includes some income tax rebates, property tax rebates, a suspension of the state’s 1 percent tax on groceries, and a six-month pause on the scheduled inflationary increase in the state’s motor fuel tax. Gov. JB Pritzker and legislative Democrats held a news conference publicizing those tax breaks as consumers grappled with 8.6 percent inflation, the highest rate in […]

todayJuly 1, 2022 19

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