As Illinois awaits federal court decisions about federal funding and braces for more federal cuts and rising costs, Gov. JB Pritzker is proposing limited new spending.
The budget proposed by Pritzker on Wednesday largely maintains the status quo and forgoes significant broad-based tax increases.
The proposed budget totals $56 billion in spending in fiscal year 2027 beginning on July 1, which is up $878 million, or 1.6% from the current year.
But most of that new spending is in required categories like education and pensions. Outside those areas, new spending will grow by just 0.5%.
Pritzker’s plan does not include major new taxes but would create a new tax on social media companies.
