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

Another U.S.-Canada border bust: Gun smuggling operation

Another U.S.-Canada border bust: Gun smuggling operation

By Bethany BlankleyThe Center Square A gun smuggling operation run by Canadian, Pakistani and Jordanian citizens has been thwarted at the U.S.-Canada border, authorities said. While illegal border crosser crime...
More than 200 children rescued, 350 child sex offenders arrested in one month

More than 200 children rescued, 350 child sex offenders arrested in one month

By Bethany BlankleyThe Center Square More than 200 children were rescued and more than 350 child sex offenders arrested in one month in the latest Department of Justice targeted enforcement...
Trump budget targets 'valley of death' with new military contractor accountability model

Trump budget targets ‘valley of death’ with new military contractor accountability model

By Brett RowlandThe Center Square The Trump administration's $1.5 trillion military budget request would rewrite how the Pentagon buys weapons – forcing contractors to fund their own factory expansions and...
Nonprofit flies troops home for milestones they can't afford to miss

Nonprofit flies troops home for milestones they can’t afford to miss

By Brett RowlandThe Center Square For junior enlisted military members earning about $30,000 a year, the cost of a round-trip ticket home can be the difference between witnessing a family...
Report: 2025 third most violent year on record for American Jews

Report: 2025 third most violent year on record for American Jews

By Bethany BlankleyThe Center Square Last year was the third most violent year on record for American Jews, according to an analysis by the Anti-Defamation League (ADL). Although antisemitic incidents...
International human smuggling ring exploiting Canadian visa system thwarted by US

International human smuggling ring exploiting Canadian visa system thwarted by US

By Bethany BlankleyThe Center Square Another international human smuggling ring exploiting lax Canadian border security and visa processes has been thwarted by U.S. officials. Mexican smuggling at the U.S.-Canada border...
Pro-life org: Informed consent for abortion pill impossible without doctor visit

Pro-life org: Informed consent for abortion pill impossible without doctor visit

By Tate RosentreterThe Center Square The nation’s largest pro-life organization filed an amicus brief Thursday in the U.S. Supreme Court asserting the impossibility of ensuring informed consent without an in-person...
Illinois Quick Hits: Swipe fee case returned to district court

Illinois Quick Hits: Swipe fee case returned to district court

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The U.S. Seventh Circuit Court of Appeals has returned a case involving an Illinois law banning electronic...
Trump announces three-day ceasefire, prisoner swap between Russia, Ukraine

Trump announces three-day ceasefire, prisoner swap between Russia, Ukraine

By Sarah Roderick-FitchThe Center Square More than four years into the war between Russia and Ukraine, President Donald Trump has announced a three-day ceasefire between the two countries. The ceasefire...
Bill to tax global profits from Illinois meets opposition protesting 'double tax'

Bill to tax global profits from Illinois meets opposition protesting ‘double tax’

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Multinational corporations that do business in Illinois would be taxed more to fund public education under a...
Analysis finds short-term stability, lack of long-term growth in state budget

Analysis finds short-term stability, lack of long-term growth in state budget

By Sean Reed | The Center SquareThe Center Square (The Center Square) – New analysis of the proposed Illinois budget for the coming year revealed the spending plan to be...

WATCH: Let’s Go Washington launching initiative to repeal income tax

By Carleen JohnsonThe Center Square Let’s Go Washington on Friday announced they have received their initiative ballot titles from the office of Washington State Attorney General Nick Brown, as the...
Ferguson first WA governor found in violation of ethics laws in over 30 years, state website shows

Ferguson first WA governor found in violation of ethics laws in over 30 years, state website shows

By Tim ClouserThe Center Square Gov. Bob Ferguson is the first Washington governor in more than 30 years to be found in violation of the state's executive ethics law, according...
Court strikes tariff, Trump moves ahead with replacement

Court strikes tariff, Trump moves ahead with replacement

By Brett RowlandThe Center Square President Donald Trump's administration signaled Friday it intends to appeal a federal trade court's ruling striking down his 10% global tariff as unlawful, while simultaneously...
North Dakota Supreme Court sides with Energy Transfer in Greenpeace fight over Dutch lawsuit

North Dakota Supreme Court sides with Energy Transfer in Greenpeace fight over Dutch lawsuit

By Tom JoyceThe Center Square The North Dakota Supreme Court ruled this week that Greenpeace International cannot keep pursuing most of its lawsuit against Energy Transfer in the Netherlands as...