2025 Budget Recommendation from the Chicago Office of Budget & Management

Illinois Legislative News

Includes:

  1. Budget Overview
  2. FY2025 Investments
  3. Revenue Discussion
  4. Pension Contribution & Debt Service Payments
  5. Road to Recovery Plan: ARPA Investments
  6. Questions

Click here for the full document

Special Reports

2026 Illinois General Election Preview

General election | November 3, 2026 Following is a complete listing of the statewide, congressional, and state House and Senate races taking place in the November 3, 2026, general election. Under Illinois law, early voting can begin as early as 40 days before the...

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2026 Complete End of Session Report

FY 2027 Budget Package   HB 111 (Welch/Sims) creates the FY 2027 budget appropriation bill. The budget is based on an estimated General Funds revenue of $55.95 billion and spending of $55.945 billion, representing less than a 1% increase over current fiscal year...

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2026 Preliminary End of Session Report

FY 2027 Budget Package HB 111 (Welch/Sims) creates the FY 2027 budget appropriation bill. The budget is based on an estimated General Funds revenue of $55.95 billion and spending of $55.945 billion, representing less than a 1% increase over current fiscal year...

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Illinois Primary Election Recap

Outside Money Flooded the Field, but Local Politics Still Carried the Day Illinois’ 2026 primary made two things clear at once. First, the state has become a major proving ground for national outside spending. Congressional and legislative races drew heavy involvement...

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2025 End of Session Report

Download PDF FY 2026 Budget  SB 2510 (Welch/Sims) creates the FY 2026 budget appropriation bill. The budget is based on estimated General Funds revenues of $55.298B and spending of $55.048B for an estimated surplus of $250M. See below for the topline figures in the...

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Illinois 104th House Committee Assignments

Adoption & Child Welfare Committee – Members ole Representative Party Chairperson : Suzanne M. Ness D Vice-Chairperson : Terra Costa Howard D Republican Spokesperson : Steven Reick R Member: Michael Crawford D Member: Jed Davis R Member: Lisa Davis D Member: Regan...

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Illinois 104th Senate Committee Assignments

Agriculture - Members Role Senator Party Chair : Doris Turner D Vice-Chair : Patrick J. Joyce D Member: Cristina Castro D Member: Paul Faraci D Member: Michael E. Hastings D Member: Linda Holmes D Member: David Koehler D Member: Meg Loughran Cappel D Minority...

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Previous Reports

Third Reading Report: October 19, 2026

Notable Policy Discussions Ahead of Veto Session With the first week of Veto Session approximately one month away, from November 17-19, legislators and stakeholders have resumed discussions on previously introduced legislation and emerging policy priorities. Recent committee hearings and ongoing negotiations surrounding data centers and the Chicago Bears offer insight into issues that could shape the upcoming veto, lame duck, and spring legislative sessions. For the first time since the...

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Third Reading Report: October 12, 2026

2026 Illinois General Election Preview Click here for a complete listing of the statewide, congressional, and state House and Senate races taking place in the November 3, 2026, general election. Under Illinois law, early voting can begin as early as 40 days before the election, meaning early voting began on September 24. There are several races to watch throughout the state, including the gubernatorial election, which will determine whether Gov. JB Pritzker is reelected to a third term; the...

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Third Reading Report: October 5, 2026

Gov. Pritzker Establishes Illinois Artificial Intelligence (AI) Cabinet As policymakers across the country consider new regulations and safeguards for artificial intelligence (AI), Gov. J.B. Pritzker has established a panel of experts to examine the technology’s potential risks and develop regulatory recommendations for Illinois. On September 22, 2026, Gov. Pritzker signedExecutive Order 2026-07, establishing the Illinois Artificial Intelligence Cabinet. The Cabinet will bring together...

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