News & Analysis as of

Illinois State Budgets

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (7/16)

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Illinois Comptroller Susana Mendoza announces she’s not running for reelection, keeps door open for Chicago mayoral run - “Illinois Comptroller Susana Mendoza said Wednesday she would not run for a fourth term in 2026 as...more

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Illinois Insights: An update from Cozen O'Connor (7/14)

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Gov. JB Pritzker issues executive order for state agencies to assess 'disastrous' Trump tariffs- “Gov. JB Pritzker signed an executive order Monday directing state agencies to evaluate the economic impact Illinois could...more

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Illinois Insights: An update from Cozen O'Connor (7/7)

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State ends fiscal year with record revenue - “Despite uncertainty over the economy and federal funding during the second half of fiscal year 2025, the year closed on June 30 with the state setting a new record for annual...more

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Illinois Insights: An update from Cozen O'Connor (7/2)

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Gov. JB Pritzker taps Christian Mitchell as lieutenant governor pick in campaign for third term - “Christian Mitchell, a former South Side state representative and deputy governor-turned-University of Chicago executive,...more

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Illinois Insights: An update from Cozen O'Connor (6/25)

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Gov. JB Pritzker to announce he’s running for a third term in 2026- “Democratic Gov. JB Pritzker will announce Thursday that he will seek a third term next year, answering a question about his immediate political future but...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (6/23)

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Here's why Illinois Republican lawmakers sued Democrat leaders -“Republican lawmakers in Illinois filed a lawsuit in Sangamon County on June 17, arguing that the Democratic Majority passed a special interest proposal...more

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Illinois Insights: An update from Cozen O'Connor (6/16)

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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

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (6/9)

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Ethics legislation stalls in Springfield as Senate president tries ‘brazen’ move that would have helped his election case - “In the closing hours of the Illinois General Assembly’s spring session, Senate President Don Harmon...more

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Illinois Insights: An update from Cozen O'Connor (6/4)

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With electric prices going up, advocates tried — and failed — to reform the energy sector - “Heading into the end of the legislative session, consumer advocates, renewable energy industry groups and environmental advocates...more

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Illinois Insights: An update from Cozen O'Connor (6/2)

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Illinois Democrats pass budget in final minutes with sports betting tax hike- “Illinois lawmakers approved a $55.2 billion state budget package minutes ahead of a key constitutional deadline Saturday night, relying on tax...more

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Illinois Insights: An update from Cozen O'Connor (5/28)

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Big issues for Illinois legislative session’s final week include public transit, pension reform and Bears - “Illinois lawmakers head into the final days of their spring session this week looking for ways to close a...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (5/21)

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Illinois Lawmakers Discuss Budget Priorities as Legislative Deadline Looms - “Lawmakers are working to hammer out a balanced spending plan amid federal funding uncertainties and mounting pressure from agencies asking for more...more

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Illinois Insights: An update from Cozen O'Connor (5/19)

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As IL GOP slams possible tax hikes, Pritzker says ‘funding is there’ for budget - “When legislators return to the Illinois State Capitol Tuesday, they’ll have just 11 days before the deadline to pass an annual plan on...more

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Illinois Insights: An update from Cozen O'Connor (5/14)

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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

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (4/30)

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State legislators oppose Chicago mayor’s desire for more taxpayer dollars - “A number of Illinois legislators are making it clear that they oppose spending more state taxpayer dollars on Chicago unless city officials...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (4/28)

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From cellphone bans to teacher evaluations: Illinois lawmakers are considering several education issues this session “With just over a month left in the spring legislative session,- Illinois lawmakers are advancing a...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (4/21)

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Democratic state lawmakers start to move on promise to ‘be a check’ on Donald Trump - “With six weeks left in the spring legislative session, lawmakers have a range of measures before them that backers say are necessary to...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (4/7)

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It’s not just Chicago. Downstate public transit agencies face funding challenges- “State lawmakers are spending this spring’s legislative session debating how to solve a $771 million funding gap the Chicago area’s public...more

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Illinois Insights: An update from Cozen O'Connor (3/5)

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Legislative revenue estimate more than $700M lower than Pritzker’s proposed budget- “The General Assembly’s bipartisan Commission on Government Forecasting and Accountability released a new fiscal year 2026 revenue...more

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Illinois Insights Special Edition: 2025 Budget Address Recap

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On Wednesday, February 19, Governor J.B. Pritzker delivered his seventh annual Budget Address to a joint session of the General Assembly, where he unveiled his $55.2 billion FY26 Executive Budget - marking an approximately $2...more

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Illinois Insights: An update from Cozen O'Connor (2/18)

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“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...more

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Illinois Insights: An update from Cozen O'Connor (2/12)

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Civic Federation Says Illinois Should Extend Sales Tax to Services to Help Bridge $3B Budget Deficit - “Illinois should extend its sales tax to services like haircuts, dry cleaning and plumbing, the nonpartisan Civic...more

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Illinois Insights: An update from Cozen O'Connor (2/3)

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Heading into budget season, Gov. JB Pritzker faces major challenge to show ‘Illinois can govern itself’ - “With Gov. JB Pritzker still weighing whether to seek a third term, the firmer foundation he’s laid for Illinois’...more

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Illinois Insights: An update from Cozen O'Connor (1/23)

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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

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Illinois Insights: An update from Cozen O'Connor (1/13)

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“Lawmakers in Springfield approved a measure that aims to protect warehouse workers whose workdays center on hitting quotas… Lawmakers also approved a bill aimed at protecting nursing home residents from retaliation if they...more

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