News & Analysis as of

Illinois State Budgets State and Local Government

Cozen O'Connor

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

Cozen O'Connor on

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

Cozen O'Connor

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

Cozen O'Connor on

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

Cozen O'Connor

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

Cozen O'Connor on

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

Cozen O'Connor

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

Cozen O'Connor on

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

Cozen O'Connor

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

Cozen O'Connor on

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)

Cozen O'Connor on

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

Cozen O'Connor

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

Cozen O'Connor on

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)

Cozen O'Connor on

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

Cozen O'Connor

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

Cozen O'Connor on

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

Cozen O'Connor

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

Cozen O'Connor on

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

Cozen O'Connor

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

Cozen O'Connor on

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)

Cozen O'Connor on

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 (4/21)

Cozen O'Connor on

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)

Cozen O'Connor on

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

Cozen O'Connor

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

Cozen O'Connor on

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

Cozen O'Connor

Illinois Insights Special Edition: 2025 Budget Address Recap

Cozen O'Connor on

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

Cozen O'Connor

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

Cozen O'Connor on

“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

Cozen O'Connor

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

Cozen O'Connor on

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

Cozen O'Connor

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

Cozen O'Connor on

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

Cozen O'Connor

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

Cozen O'Connor on

“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

McGuireWoods Consulting

Gov. Pritzker FY 2025 Illinois Budget Proposal

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

Morgan Lewis

Illinois Makes Significant Changes to Tax Code

Morgan Lewis on

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

Clark Hill PLC

Insight on Illinois - February 2021 #1

Clark Hill PLC on

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

Clark Hill PLC

Insight on Illinois - August 2020 #1

Clark Hill PLC on

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

24 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide