Illinois General Assembly

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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 95

Springfield BOS Center Bank of Springfield Center

Illinois

Legislature greenlights BOS Center expansion

SPRINGFIELD -- Recently passed legislation in the Illinois General Assembly could result in a significant expansion of Springfield's premier events complex. Legislation greenlighting a proposed $93 expansion of the Bank of Springfield Center (BOS Center) could very well become a reality if signed by Gov. JB Pritzker. The legislation was spearheaded by Springfield-based Republican state Rep. Mike Coffey, who helped pen the bill with the idea of expanding the BOS Center. Coffey also serves as chairman of the Springfield Metro […]

todayJune 7, 2024 97

Illinois

Illinois

Two Illinois state lawmakers to retire

The Illinois State Capitol in Springfield. SPRINGFIELD (The Center Square) – Two Illinois state lawmakers who recently won reelection have announced they won’t continue into the new General Assembly. State Sen. Jason Barickman (R-Bloomington) announced Monday he will retire from the position at the end of the term on Jan. 10. He just won an uncontested race in his district. Barickman said in a statement he looks forward to spending time with family and not being taken away by phone […]

todayDecember 6, 2022 33

Illinois McCombie

Capitol News Illinois

McCombie to take reins of House GOP caucus

Savanna Republican says finding ‘balance,’ honing message are top priorities

House Minority Leader-elect Tony McCombie (R-Savanna) speaks at a news conference in her soon-to-be office once she officially assumes the GOP leadership title in the 103rd General Assembly in January. SPRINGFIELD (Capitol News Illinois) – State Rep. Tony McCombie said Wednesday that her top priority when she becomes the next House minority leader will be to rebuild the GOP caucus following last week’s elections that were, for Republicans, a disappointment. “The top priority is to bring balance to the Republican […]

todayNovember 17, 2022 13

Illinois general revenues

Capitol News Illinois

Illinois general revenues top $50 billion for first time

Pandemic-driven windfalls not expected to last long into current year

SPRINGFIELD (Capitol News Illinois) – State tax revenues grew by $5.5 billion in the fiscal year that concluded on June 30, exceeding $50 billion for the first time in Illinois’ history, according to a new report from a state budgeting agency. The 12 percent base revenue growth in Fiscal Year 2022 gave lawmakers near-unprecedented flexibility in the current budget year. That allowed the General Assembly to approve $1.8 billion in tax relief, pay $500 million more to state pensions than […]

todayJuly 8, 2022 33

JB Pritzker

Capitol News Illinois

Pritzker calls special session on reproductive rights

Move prompted by U.S. Supreme Court overturning Roe v. Wade

SPRINGFIELD (Capitol News Illinois) – Gov. JB Pritzker will call a special session of the General Assembly in the coming weeks to focus on legislation to strengthen women’s access to abortion and other reproductive health services in Illinois. Pritzker made that announcement Friday, just hours after the U.S. Supreme Court released an opinion overturning the landmark 1973 abortion rights case Roe v. Wade. Pritzker: "We knew this day was coming" “We knew this day was coming,” Pritzker said at a […]

todayJune 24, 2022 33

Illinois

Illinois

Advocate: Fair redistricting in Illinois could curb power brokering

Illinois Gov. J.B. Pritzker, who backed a nonpartisan redistricting process on the campaign trail, last June signed into law new House and Senate maps drafted by lawmakers. CHICAGO (Public News Service) -- Former Illinois House Speaker Michael Madigan is facing 22 charges of bribery and racketeering. The Chicago Democrat led the chamber for decades, and one ethical-government advocate said his control of the redistricting process was one way he maintained power in the General Assembly. Madeleine Doubek, executive director of […]

todayMarch 15, 2022 85

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