
Session slog ends in $56B budget, new taxes on social media companies, crypto, fantasy sports
Gas tax increase suspended while new taxes on businesses plug revenue hole

Gas tax increase suspended while new taxes on businesses plug revenue hole

New taxes on sports bets, nicotine products as Democrats pass $55.2B budget. Spending plan raises over $1B in revenue; income, sales taxes not affected.

Revenue projections have dropped below Pritzker’s proposed spending plan.

Governor J-B Pritzker and other state officials visited Champaign’s International Prep Academy Wednesday, part of the governor’s tour of the state to promote education spending in the new state budget.

Gov. JB Pritzker and Democratic leaders announced Wednesday they’ve agreed to a framework for next year’s roughly $50 billion state spending plan, even as negotiations continued in the final stretch of lawmakers’ already-extended spring legislative session.