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 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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104th House GOP Leadership Team

Deputy Minority Leaders Rep. Norine Hammond (94 – Macomb) Rep. Ryan Spain (73 – Peoria) Assistant Minority Leaders Rep. CD Davidsmeyer (100 – Murrayville) Rep. John Cabello (90 – Machesney Park) Rep. Dan Ugaste (65 – Geneva) Rep. Patrick Windhorst (117 – Metropolis)...

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Previous Reports

Third Reading Report: September 7, 2026

Illinois to Receive Meta Settlement Funds Settlement Background Illinois is set to receive up to nearly$768M over a 10-year periodfrom a multistate $17.1B settlement with Meta Platforms, Inc., one of the largest state consumer protection settlements in U.S. history, trailing only settlements with tobacco manufacturers under the 1998 Tobacco Master Settlement Agreement (MSA). The settlement, announced on August 26 and initially filed in 2023, resolves claims brought by 47 states alleging that...

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Third Reading Report: August 31, 2026

Moody’s Upgrades Illinois’ Credit Rating to A1 On August 26, Moody's Ratings upgraded Illinois' general obligation (GO) bond and Build Illinois sales tax bond rating from A2 to A1 with a stable outlook. The upgrade follows a series of meetings during the week of August 17 between the Pritzker administration and all three major credit rating agencies ahead of the state's next GO bond sale, planned for late September. This marks the highest credit rating received by the state from Moody's since...

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Third Reading Report: August 24, 2026

2026 Illinois State Fair ​​​​​The 2026 Illinois State Fair in Springfield ​t​ook place August 13 to August 23, with this year’s “Miles of Smiles” theme celebrating the 100thanniversary of Route 66. The fair is a major annual gathering point for candidates, elected officials, party organizations, and political operatives, with dedicated Democratic and Republican events providing opportunities for campaigning, fundraising, organizing, and networking, particularly with 2026 being a major state...

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