Gov. Pritzker Signs Seventh Consecutive Balanced Budget- “Governor JB Pritzker, alongside Lieutenant Governor Juliana Stratton and House Speaker Emanuel “Chris” Welch, signed the $55.1 billion FY26 state budget package,...more
Pritzker budget team slashes state's revenue forecast by $536 million - “The governor’s budget office now expects about $500 million less in revenue for the coming fiscal year, which will make it more challenging for the...more
Reforming Tier 2 pensions could cost the state $30 billion, actuary says “A new Illinois pension reform bill would increase contributions to the state’s three largest retirement systems by a total of nearly $30 billion...more
SUMMARY - On February 21, Illinois Governor J.B. Pritzker proposed his FY 2025 budget. The FY 2025 proposal raises $52.993B and spends $52.695B, for a surplus of $289M. $170M of the projected surplus revenues would be set...more
On February 15, 2023, Gov. J.B. Pritzker gave his annual state of the state and fiscal year (FY) 2024 budget address. The FY 2024 budget proposal raises $49.994B in General Funds revenues and spends $49.642B. The Governor’s...more
On Feb. 2, 2022, Illinois Gov. J.B. Pritzker delivered his annual state of the state and budget address. The $45.345 billion proposed fiscal year (FY) 2023 budget is a balanced budget that builds off a projected $1.7 billion...more
Illinois Governor J.B. Pritzker signed into law various bills on June 17, including the state budget bill, S.B. 2017 (Budget Bill), which contains several provisions intended to raise revenue. Other bills passed in both the...more
As we watch the COVID numbers slowly improve and the pace of vaccinations slowly increase, there is a sense that state and local governments can soon begin to function as they did pre-COVID. In Springfield, lawmakers gathered...more
Voting in Illinois is in full swing. Election day is less than two weeks away. The last Presidential debate is this week. In Illinois, the biggest fight is over the proposed Constitutional Amendment to do away with Illinois’...more
As we hit the dog days of August, government at all levels continues to battle COVID-19 while supporting businesses and families. Nationally, negotiations over a relief package have stalled, and President Trump has issued an...more
Clark Hill Illinois' Government and Regulatory Affairs team continues to actively monitor the de-escalation of COVID-19, continued anti-racism protests, and governmental budgets, among other issues. Amid these issues, the...more
New Governor, New General Assembly, Democratic Trifecta - The 2019 legislative session began with the inauguration of a new governor and the members of the 101st General Assembly. With a large number of retirements and...more
On June 5, 2019, Illinois Governor J.B. Pritzker signed a $40 billion state budget bill into law. Among the various provisions included in the over 300 page budget is a provision providing for the phase-out of Illinois’...more