United States Office of Management and Budget

Illinois’ emergency reserves lowest in nation

By Bryce Hill
03/06/2025
Illinois is dead last of the 50 states in its ability to handle a financial crisis. It couldn’t last a month. The rainy-day fund that should be its primary reserve, and that Gov. J.B. Pritzker lauded himself for refilling, could barely cover two weeks.

Pritzker’s $1.5B in wishful thinking might leave taxpayers poorer

By Patrick Andriesen
02/26/2025
Gov. J.B. Pritzker’s record $55.2 billion budget for 2026 relies on more than $1.55 billion in newly increased revenue estimates to cover cost. That optimism collides with state agencies’ and experts’ sober predictions, meaning taxpayers are again at risk?

Illinois Forward 2026: How the state can spend responsibly

By Ravi Mishra, Lauren Zuar
02/12/2025
After years of splurging with revenue boosted by temporary federal aid, future deficits over $5 billion await the Illinois state budget. It’s time Illinois state leaders learn from past mistakes and manage other people’s money responsibly.

Illinois pension crisis would devour ‘millionaire tax’

By Bryce Hill
10/29/2024
Illinois needs to spend $4.9 billion more annually to pay for pensions, but the “millionaire tax” would only raise an estimated $3-$4.3 billion. That’s too little for the pension bills and would leave nothing for property tax relief.