Illinois Budget Deficit 2025 News. Illinois lawmakers returned to springfield on tuesday for the first time since may and following news earlier this month that they’re facing a projected $3.2 billion budget deficit. Springfield — revenue returns remain on track halfway through illinois’ budget year, though it’s next year that is causing concern in the capitol.


Illinois Budget Deficit 2025 News

Jb pritzker has proposed growing spending by about $2 billion without new income or service taxes in the. In late 2023, the governor’s office of management and budget pegged the deficit for the current fiscal year at just under $900 million, less than three times the projected deficit of.

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