Illinois Quick Hits: Pritzker's fiscal update blasts Trump administration

Illinois Quick Hits: Pritzker’s fiscal update blasts Trump administration

February 6, 2026/
Spread the love

By Jim Talamonti | The Center Square
The Center Square

(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.

Leave a Comment





Latest News Stories

will county board meeting.6

Will County Awards $1.46 Million Contract for Kankakee Street Bridge Replacement in Manhattan Township

Article SummaryThe Will County Board has awarded a $1.46 million contract to "D" Construction, Inc. of Coal City to replace the Kankakee Street Bridge over Jackson Creek in Manhattan Township....
will county board meeting.6

Crete Township Community Center to Get New Digital Sign

Article Summary: The Will County Board approved a special use permit and two variances for Crete Township, allowing for the installation of a new on-premise dynamic display sign at its...
WCO Board Aug 21.1

Will County Executive Proposes $791 Million Budget Focused on Stability Amidst Economic Uncertainty

Article Summary: Will County Executive Jennifer Bertino-Tarrant presented a balanced $791 million budget proposal for Fiscal Year 2026 that aims to maintain services and prepare for potential economic challenges without...
WATCH: Detransitioner gets a second chance at medical malpractice lawsuit

WATCH: Detransitioner gets a second chance at medical malpractice lawsuit

By Carleen JohnsonThe Center Square A young woman whose detransition story has been one of the most widely covered in the nation will soon learn if a judge in North...
WATCH: CA Democrats pass congressional redistricting plan

WATCH: CA Democrats pass congressional redistricting plan

By Dave MasonThe Center Square After a day of vigorous debates punctuated by occasional applause, both houses of the California Legislature Thursday passed the three bills making up the congressional...
Pew: U.S. immigrant population declines for first time in nearly 60 years

Pew: U.S. immigrant population declines for first time in nearly 60 years

By Caroline BodaThe Center Square The U.S.’s foreign-born population shrunk this year for the first time since the 1960s, new data released Thursday from the nonpartisan Pew Research Center found....
WATCH: Illinois’ FY23 financial audit released amid criticism of tardy reports

WATCH: Illinois’ FY23 financial audit released amid criticism of tardy reports

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Illinois taxpayers can now look at how the state spent their money in the fiscal year that...
European Union says U.S. consumers will end up paying tariffs

European Union says U.S. consumers will end up paying tariffs

By Brett RowlandThe Center Square European Union leaders detailed the terms of a trade deal they struck with President Donald Trump on Thursday, making sure to point out who will...
Illinois quick hits: Anti-SLAPP bill signed; Chicago schools settles meditation case

Illinois quick hits: Anti-SLAPP bill signed; Chicago schools settles meditation case

By Jim Talamonti | The Center SquareThe Center Square Anti-SLAPP bill signed Gov. J.B. Pritzker has signed legislation to protect news media from strategic lawsuits against public participation (SLAPP). The...
U.S.-EU trade deal includes ceiling for European pharmaceutical imports

U.S.-EU trade deal includes ceiling for European pharmaceutical imports

By Morgan SweeneyThe Center Square The European Union has escaped a potential 250% pharmaceutical tariff and instead has secured a maximum 15% levy with the U.S. according to a joint...
Supreme Court allows Trump to block DEI funding

Supreme Court allows Trump to block DEI funding

By Andrew RiceThe Center Square The U.S. Supreme Court, in a 5-4 decision on Thursday, allowed President Donald Trump to cut hundreds of millions of dollars in federal research grants....
Director: Nation’s largest outdoor ag show brings economic impact to central IL

Director: Nation’s largest outdoor ag show brings economic impact to central IL

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The nation’s largest outdoor agricultural show is set for next week in Central Illinois. The Farm Progress...
Personnel cuts to national intelligence office will save taxpayers $700 million

Personnel cuts to national intelligence office will save taxpayers $700 million

By Thérèse BoudreauxThe Center Square The Office of the Director of National Intelligence is set to undergo a massive overhaul and cut 40% of its workforce, continuing the Trump administration’s...
Redistricting would split cities, counties throughout CA

Redistricting would split cities, counties throughout CA

By Dave MasonThe Center Square Lodi, a Northern California city of 66,000 people, will be divided among three congressional districts if a Democratic Party-backed redistricting map goes into effect. And...
Pritzker: Fair maps in Illinois would be 'disarming' to Democrats

Pritzker: Fair maps in Illinois would be ‘disarming’ to Democrats

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois Gov. J.B. Pritzker says Democrats would be “disarming” if they agreed to fair maps state by...