Illinois higher education board seeks 4.6% budget increase for next fiscal year
The request comes as Pritzker announces cuts to current year’s budget
Tag: budget
State education board OKs $10.9B budget request
The Illinois State Board of Education voted Wednesday to approve a budget request for the upcoming fiscal year that calls for only a minimal increase in K-12 education spending, a reflection of the state’s tightening fiscal condition.
Illinois Education officials brace for lean fiscal year ahead
For the current fiscal year, spending on elementary and secondary education is expected to total just under $11.2 billion, or about 20% of the state’s entire $55.1 billion General Revenue Fund Budget.
State agency spending cut plans remain unclear following Pritzker’s order
A Freedom of Information request submitted by Capitol News Illinois to review what agencies submitted to Pritzker was denied, with the governor’s office saying the agencies’ responses were draft recommendations and therefore exempt from public disclosure.
NPR to trim $5 million this year as public radio stations struggle to pay bills
At NPR and many member stations, listener contributions have spiked up significantly. They are helping to make up for the cuts, at least in the short term.
Government shutdown looms as Congress returns after monthlong August recess
Congressional Republicans scored a massive victory this summer when they passed President Donald Trump’s tax and spending cuts without a single Democratic vote. But as they return to Washington this fall after a monthlong August recess, they will have to find a way to work with Democrats — or around them — as a government shutdown looms. The annual
Pritzker signs $55.1B state budget reliant on $700M of new taxes
It’s the largest budget in state history despite cuts and freezes.
Amid uncertainty in Washington, Illinois lawmakers pass slimmed-down Medicaid package
The Illinois Medicaid program currently costs about $33.7 billion a year, according to the Department of Healthcare and Family Services.
Lawmakers unveil $55B spending plan with just 1 day left to pass it
Senator says no new taxes on sales or income but full revenue plan is not yet public.
House GOP pushes ‘big’ budget resolution to passage, a crucial step toward delivering Trump’s agenda
House Republicans have muscled their budget blueprint to passage, with a push from President Donald Trump. The vote late Tuesday evening is a crucial step toward delivering what he’s called his “big, beautiful bill,” with $4.5 trillion in tax breaks and $2 trillion in spending cuts.
Local journalism tax credit application window opens
News organizations in Illinois can now apply to receive tax credits for journalists that were on their payroll in 2024.
House approves funding bill and sends to Senate hours before government shutdown deadline
The plan would temporarily fund federal operations and disaster aid, but drops President-elect Donald Trump’s demands for a debt limit increase into the new year. It next goes to the Senate, for expected quick passage.
Lawmakers return to Springfield as projected budget deficit looms
Illinois lawmakers returned to Springfield Tuesday for the first time since May following news earlier this month that they’re facing a projected $3.2 billion budget deficit.
Illinois faces a $3 billion shortfall in 2026, a new report shows
If the projections hold true, Democratic Gov. JB Pritzker could face difficult financial decisions, from increasing taxes to cutting spending. The relative financial calm that has marked Illinois Gov. JB Pritzker’s six years in office may soon be coming to a close as his administration Friday forecast a more than $3 billion budget shortfall for the
University of Illinois system approves more than $8 billion budget to keep up with growing number of students
URBANA — The University of Illinois Board of Trustees approved an $8.3 billion budget for the current fiscal year, representing a 6.2% increase from fiscal year 2024. The U of I system reported another record year in student enrollment for the fall semester, with a systemwide total of 97,772 enrolled students at the universities in