Newer state employees would get a $13 billion pension benefit boost if Gov. J.B. Pritzker’s fiscal year 2026 budget proposal passes. What should be a minor fix is being used to create an even bigger Illinois pension mess.
Illinois Gov. J.B. Pritzker’s favorability is at exactly 50% ahead of his annual budget address, a chance to win over the 46% of voters with an unfavorable opinion of him. But based on his history of aggressive spending and taxation, what are the odds?
Gov. J.B. Pritzker said raising taxes or hiking pension benefits are not first choices for in his fiscal year 2026 budget. The governor said Illinois needs to “live within our means in this state.”
Updated budget forecasts show a $982 million shortfall for the upcoming 2025 budget as Chicago grapples with $223 million remaining deficit this year. Mayor Brandon Johnson refuses to rule out property tax hikes.
While Gov. J.B. Pritzker has been in office during upgrades in the state’s credit rating and reductions in some state debts, analysis shows improvements were more luck than fiscal design.
Illinois state lawmakers’ spending plans came in $410 million higher than what Gov. J.B. Pritzker originally proposed. Taxpayers will be forced to pay $1.1 billion more so Illinois can spend record amounts in fiscal year 2025.
The Illinois General Assembly approved $100 million in grants so students can choose a private or public university. But when it comes to giving that private or public choice to low-income students, there soon may be no choice at all.
Published June 3, 2025 EXECUTIVE SUMMARY The best path to empowerment and success, especially for poor people, is work. Work allows us to prosper while providing dignity, upward mobility, the means to support ourselves and create value for others. It’s how we become thriving members of our community. Central to this process is our education...