Illinois Quick Hits: Pritzker’s fiscal update blasts Trump administration
(The Center Square) – The Governor’s Office of Management and Budget says tax provisions in the Big Beautiful Bill Act would reduce state revenue by $587 million for the current fiscal year, even after Gov. J.B. Pritzker and state lawmakers moved to decouple from federal tax cuts.
In addition, the latest GOMB update said federal requirements related to SNAP and Medicaid eligibility would lead to state implementation costs of more than $100 million over the next two fiscal years.
TREASURER REPORTS STATE INVESTMENT EARNINGS
The Illinois State Treasurer’s Office made $1.5 billion in investment earnings from the state’s investment portfolio during 2025.
Treasurer Michael Frerichs made the announcement Thursday.
Frerichs said his office is trying to maximize earnings at a time when he said President Donald Trump is “illegally yanking” federal money from Illinois.
CHICAGO MAYOR APPLAUDS FEDERAL LAWMAKERS
Chicago Mayor Brandon Johnson is applauding Illinois’ congressional delegation for helping to secure $42.2 million in federal funds to support 40 projects across Chicago.
The mayor’s office said the amount is a 70.7% increase in funding from fiscal year 2024. Johnson said the federal taxpayer funds would allow the city to replace lead pipes, support seniors and invest in public safety.
Mostly Sunny then Showers And Thunderstorms Likely
Latest News Stories
WATCH: U.S. Rep. Miller live; Heated rhetoric in Congress; SNAP, ‘basic income’ debate
Solution Found to Revive Broken Junior High Digital Sign
Beecher Sets Schedule for Parade of Lights and Holiday Contests
“Cheaper to Go Up”: Beecher Schools Discuss Vertical Expansion Concepts
Weather Delays Force Extension of Leaf Collection in Beecher
Beecher Digs Out from 12.4 Inches of Snow; Sub-Zero Cold Forecast for Friday
Illinois rejects federal ‘no tax on tips’ rule, keeps state tax on tipped income
Contractors Clash on Cause of Elementary School Leaks; Committee Weighs Window Replacement
Frankfort Turns to County for Wildlife & Dangerous Animal Control
JJC Foundation Director Kristin Mulvey to Retire After 25 Years of Transformative Leadership
Attack foiled in Ft. Worth day before National Guard troops shot in WDC
Hundreds of flights canceled in Chicago as winter storm wreaks havoc
WATCH: IL legislator wants more transparency for taxpayer funded credit cards
