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
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
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