Pritzker Proposes $56 Billion Budget Amid Federal Cut Risks

Illinois Governor JB Pritzker proposed an approximately $56 billion budget for the coming year as the state faces higher costs and more uncertainty around federal funding under President Donald Trump.

Pritzker on Wednesday laid out a revenue proposal that spends about 1.6% more than the current year and counts on rising individual income tax collections and a proposed new fee on social media tech companies to help cover increasing costs for items including pensions, public safety and education.