Illinois Enacts $53.1 Billion Budget with New Taxes and Child Tax Credit

Governor Pritzker signs the largest budget in state history, emphasizing economic growth and social support programs.

The budget includes $725 million in tax increases, primarily on sports betting and corporate losses.
A new $50 million child tax credit will support families with children under 12.
Education funding sees a $350 million boost, with additional investments in early childhood and higher education.
$182 million is allocated for migrant services and $440 million for noncitizen healthcare.
Republicans criticize the budget for increasing taxes and spending on noncitizens.