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Gov. JB Pritzker to Present Balanced Budget with Surprising Surplus

Illinois Governor JB Pritzker's budget address will highlight improved revenue projections, fiscal discipline, and a proposal to ease township consolidation.

Gov. JB Pritzker congratulates Senate President Don Harmon on his reelection on Jan. 8, 2025, at the Illinois State Capitol in Springfield. (Brian Cassella/Chicago Tribune)
Governor JB Pritzker walks the floor before delivering his State of the State and budget address before the General Assembly at the Illinois State Capitol, Feb. 19, 2025. (Brian Cassella/Chicago Tribune)

Overview

  • Gov. JB Pritzker is set to unveil a $55 billion budget proposal that includes a small surplus, defying earlier projections of a $3.2 billion deficit.
  • The budget plan avoids tax increases, with Pritzker emphasizing fiscal discipline and stating tax hikes are a last resort.
  • Key initiatives include a proposal to simplify the process for voters to consolidate or eliminate local township governments to cut costs and reduce inefficiencies.
  • The plan allocates additional funding for education, including $75 million for state-funded preschool programs and a $350 million increase for K-12 schools.
  • Republican lawmakers call for greater transparency and oppose increased taxes, while criticizing funding for programs benefiting noncitizens.