Gov. JB Pritzker unveiled his proposed budget FY25 that increases spending by about $2 billion without raising income or service taxes.
The proposal relies on an expected $1.5-billion boost in tax revenue and $ 1.1 billion in spending reductions compared to a previous forecast. Wednesday in the Chicago Democrats' annual budget address, he noted the proposal would bring total spending to roughly $55.2 billion - a 3% increase.
Gov. Pritzker calls this year's budget balanced. He explains they are asking Illinois Government to start doing more with less.
Governor Pritzker called out the Trump administration - warning Illinois that President Trump along with Elon Musk is coming for Illinois tax money.
In the Governor's budget proposal, K-12 education would see a $350 million increase for and a proposed 3% boost for higher education. However, the Early Childhood Block Grant remains fla.
A healthcare program for low-income noncitizens aged 42-64—costing $330 million—would be eliminated.
To generate additional revenue, the plan proposes adjusting casino tax rates, pausing a $171 million fuel tax transfer, and offering temporary tax amnesty to raise $198 million.
Lawmakers must finalize a budget deal by the end of May.













