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

Cooper gets $31.4M share of $111.2M spend

Cooper gets $31.4M share of $111.2M spend

By Alan WootenThe Center Square The bid of Roy Cooper to the U.S. Senate is getting a $31.4 million infusion for television advertising, the Senate Majority PAC told The Center...
Appeals court freezes tariff ruling, businesses keep paying

Appeals court freezes tariff ruling, businesses keep paying

By Brett RowlandThe Center Square Two small businesses that won a court ruling against President Donald Trump's tariffs must continue paying them for now, after a federal appeals court on...

Illinois Quick Hits: Gas tops $5 a gallon

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – AAA says the average price for a gallon of regular unleaded gasoline is now $5.03 in Illinois,...
Pretrial Fairness Act invoked as Illinois Supreme Court hears detention case

Pretrial Fairness Act invoked as Illinois Supreme Court hears detention case

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A case involving the continued detention of defendants under the Pretrial Fairness Act portion of the SAFE-T...
Border crisis fallout: Midwest prosecutions of SATG crime ongoing

Border crisis fallout: Midwest prosecutions of SATG crime ongoing

By Bethany BlankleyThe Center Square After a record number of border crimes were reported during the Biden administration, criminal investigations and prosecutions are ongoing. In the Midwest, prosecutors are also...
EXCLUSIVE: Medical watchdog urges social work accreditor to remove DEI requirements

EXCLUSIVE: Medical watchdog urges social work accreditor to remove DEI requirements

By Tate RosentreterThe Center Square Medical watchdog Do No Harm sent a letter to social work accreditor the Council on Social Work Education Wednesday urging that it remove all diversity,...
Will County P&Z Logo Planning Zoning.2

Commission Approves Massive Lake Michigan Water Infrastructure Project for Troy Township

Will County Planning and Zoning Commission Meeting | May 5, 2026 Article Summary: The Will County Planning and Zoning Commission on May 5, 2026, unanimously approved two major public utility...
Will County Board Graphic.02

Committee: Capital Improvements Committee Weighs $300 Million Options for Downtown Joliet Campus

Will County Board Capital Improvements & IT Committee Meeting | May 5, 2026 Article SummaryThe Will County Capital Improvements & IT Committee is evaluating four multi-million-dollar proposals to replace aging...
Incumbents weather challenges in Nebraska primary

Incumbents weather challenges in Nebraska primary

By Andrew RiceThe Center Square Voters in Nebraska elected incumbent candidates in races throughout the state on Tuesday. Incumbent U.S. Sen. Pete Ricketts was nominated in the Republican primary, and...
US House passes Save Our Shrimpers Act

US House passes Save Our Shrimpers Act

By Nolan MckendryThe Center Square The U.S. House of Representatives has passed legislation aimed at stopping American taxpayer dollars from helping finance foreign shrimp operations that Gulf Coast lawmakers say...
US House passes Save Our Shrimpers Act

US House passes Save Our Shrimpers Act

By Nolan MckendryThe Center Square The U.S. House of Representatives has passed legislation aimed at stopping American taxpayer dollars from helping finance foreign shrimp operations that Gulf Coast lawmakers say...
CBO says Pentagon's Golden Dome estimate off by $1 trillion

CBO says Pentagon’s Golden Dome estimate off by $1 trillion

By Brett RowlandThe Center Square The nonpartisan Congressional Budget Office said Tuesday that President Donald Trump's Golden Dome missile defense shield could cost American taxpayers as much as $1.2 trillion...
VA budget tops $488B as workforce stays above DOGE target

VA budget tops $488B as workforce stays above DOGE target

By Brett RowlandThe Center Square The Department of Veterans Affairs is requesting $488.2 billion for fiscal year 2027, a 7.7% increase over current spending levels, as VA Secretary Doug Collins...
VA budget tops $488B as workforce stays above DOGE target

VA budget tops $488B as workforce stays above DOGE target

By Brett RowlandThe Center Square The Department of Veterans Affairs is requesting $488.2 billion for fiscal year 2027, a 7.7% increase over current spending levels, as VA Secretary Doug Collins...
DEA warns fentanyl mixtures overwhelming overdose reversal drug

DEA warns fentanyl mixtures overwhelming overdose reversal drug

By Brett RowlandThe Center Square The U.S. Drug Enforcement Administration warned Americans Tuesday that fentanyl is increasingly mixed with a dangerous array of synthetic substances that can limit the effectiveness...