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Gov. Pritzker Lays Out Priorities for FY25

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.

 

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