Illinois lawmakers can’t budget responsibly if they don’t know how much they have. Governors have a history of fudging the numbers to get what they want.
Without careful evaluation of whether Illinois’ pensions for newer employees are running afoul of federal rules or what the penalties would be, spending $78 million from the state’s budget is premature and wasteful.
The latest forecast from the Illinois General Assembly estimates Illinois will have $737 million to $1.2 billion less in revenue than Gov. J.B. Pritzker hopes to spend.
Newer state employees would get a $13 billion pension benefit boost if Gov. J.B. Pritzker’s fiscal year 2026 budget proposal passes. What should be a minor fix is being used to create an even bigger Illinois pension mess.
Illinois had a prime opportunity with increased revenues and COVID relief funds to balance the budget. Instead, the government spent it all and now faces an even larger shortfall.
Gov. J.B. Pritzker’s 2026 budget includes record spending, cuts to economic development and overreliance on short-term revenue tricks—including a cleverly hidden tax hike, leaving significant work for the state to reach financial stability.
Illinois Gov. J.B. Pritzker invoked a fairy tale about magic beans and a giant during his annual state of the state and budget address. Too bad he forgot to take an ax to the giant, record-setting budget he has grown by $16.7 billion since taking office.
Illinois Gov. J.B. Pritzker’s favorability is at exactly 50% ahead of his annual budget address, a chance to win over the 46% of voters with an unfavorable opinion of him. But based on his history of aggressive spending and taxation, what are the odds?
Gov. J.B. Pritzker said raising taxes or hiking pension benefits are not first choices for in his fiscal year 2026 budget. The governor said Illinois needs to “live within our means in this state.”
Illinois drivers are expected to pay nearly $2 billion in state gas taxes by the end of the year, more than twice what they paid before Gov. J.B. Pritzker took office and doubled the tax. Pritzker’s tax hike took $4 billion extra from drivers between 2019 and 2023.