Fiscal Year 2025 Budget Presentation from the City of Chicago, Office of the Mayor

Illinois Legislative News

Mayor Brandon Johnson unveiled Chicago’s Fiscal Year 2025 budget, emphasizing strategic investments in affordable housing, mental health, public safety, and youth employment, all while ensuring fiscal responsibility and meeting pension obligations. Despite a projected $986 million deficit, the budget remains balanced without implementing mass layoffs or harsh austerity measures.

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Special Reports

2024 Illinois General Election Results

Nov 11, 2024

In what was a bad showing for Democrats nationally, Illinois Democrats held onto all their Congressional seats and appear likely to keep their current General Assembly makeup following the November 5 general election. At the presidential level, Vice President Kamala...

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2024 Illinois General Election Preview

Nov 4, 2024

Following is a complete listing of the U.S. presidential and vice presidential, Congressional, Illinois Senate, Illinois House, and Illinois Supreme Court races in the November 5, 2024 general election. Results will be sent out following the election. U.S. President...

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2024 General Election Key Races

Jul 28, 2024

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2024 Illinois General Election Preview

Jul 28, 2024

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2024 Illinois End of Session Legislative Report

Jun 10, 2024

FY 2025 Budget  SB 251 (Sims/Gordon-Booth) creates the FY 2025 state budget. After three consecutive years of strong revenue growth, FY 2025 revenues are projected to be relatively similar to the previous fiscal year, which led to contentious budget negotiations....

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FY 2025 Illinois Budget Bills & End of Session Packages

Jun 3, 2024

FY 2025 Budget   SB 251 (Sims/Gordon-Booth) creates the FY 2025 state budget. After three consecutive years of strong revenue growth, FY 2025 revenues are projected to be relatively similar to the previous fiscal year, which led to contentious budget...

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Previous Reports

Third Reading Report: December 23, 2024

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Third Reading Report: December 16, 2024

COGFA Annual Pension Update On Monday, the Commission of Government Forecasting and Accountability (COGFA) released their FY 2024 pension briefing. As of June 30, 2024 all five state retirement systems had actuarial (five-year smoothed) assets of $122.009B and unfunded liabilities of $144.305B for a combined funded ratio of 45.8%. Assets are up 5.74% and unfunded liabilities are up 2.06% over FY 2023. The actuarial funded ratio of the state pension system increased by 0.9% since the end of FY...

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Third Reading Report: December 9, 2024

Administrative Rules CAPITOL COMPLEX The SECRETARY OF STATE adopted emergency amendments to the Part titled Public Use of the Capitol Complex and Springfield Facilities (71 IAC 2005; 48 Ill Reg 17392) effective 11/18/24 for a maximum of 150 days. An identical proposed rulemaking appears in this week's Illinois Register at 48 Ill Reg 17322. The emergency and proposed rulemakings require all members and employees of the General Assembly, employees of SOS, and employees of other State agencies to...

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