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The budget for fiscal year 2025, starting on July 1, creates just shy of $53.3 billion in revenues and passed in a 38-21 vote. ... That includes funding for the second year of the Smart Start ...
State Budget (billions $) [note 1] Annualized Fiscal years Reference Annualized budget per capita (in $) [note 1] S&P Credit rating in January 2017 [1] Alabama 12.69 12.69 2025
Chicago budget update Chicago Mayor Brandon Johnson has eliminated property-tax increases from his latest budget proposal for 2025, but at least 15 members of the city council remain opposed to ...
Illinois Gov. J.B. Pritzker pitched a $52.7 billion state spending plan Wednesday with more money to address the migrant crisis, education and quantum computing, while proposing tax increases that ...
The four published an op-ed in which they argued, "Experience has demonstrated that unexpected events can have drastic impacts on our state budget. A major natural disaster or economic turmoil can blow huge holes in a budget, even in states in healthy financial condition - which Illinois is decidedly not.
(The Center Square) – Former Illinois Attorney General candidate Thomas Devore is accusing the Bond County Board of violating state law after the board approved a new budget for fiscal year 2025.
Illinois has the second highest unfunded pension ratio, after New Jersey. Illinois state budget contributions have fallen short of the increases in pension liabilities for 12 of the past 15 years, resulting in a three-fold increase in the funding gap. [2] Illinois' pension obligations are made up of five pension plans for public sector employees.
Earlier this month, the Governor’s Office of Management and Budget released a five-year projection that shows the state spending $63 billion by 2030, creating an annual $5 billion deficit. In ...