CHICAGO – Governor JB Pritzker signed the Fiscal Year 2026 budget into law Monday.
The $55 billion spending plan is the largest in state history.
Capitol News Illinois reports while state Democrats worry about potential federal funding cuts, this year’s budget boosts spending on education and healthcare.
There will also be new taxes on businesses, sports betting and nicotine products to help raise $700 million in revenue.
The governor says this is another balanced budget, despite what he calls chaos and ineptitude from President Donald Trump.
A new $100 million fund that the governor can use for emergencies is also a part of this year’s budget.
The new budget year starts on July 1.
