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.
Illinois Governor’s State of the State and FY 2026 Budget Address Summary
On February 19, Gov. J.B. Pritzker gave his annual State of the State and budget address. He outlined priorities for the State of Illinois in FY 2026 while highlighting the state’s fiscal successes under his leadership. Gov. Pritzker revised his FY 2025 revenue...