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Pritzker Proposes $56 Billion Budget Amid Threat of Federal Cuts

Buzz line8 hours ago05 mins

(Bloomberg) — Illinois Governor JB Pritzker proposed an approximately $56 billion budget for the coming year as the state faces higher costs and more uncertainty around federal funding under President Donald Trump. Pritzker on Wednesday laid out a revenue proposal that counts on rising individual income tax collections and a proposed new fee on social…

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Chicago Council Passes 2026 Budget to Close $1.2 Billion Gap

Buzz line2 months ago05 mins

(Bloomberg) — Chicago’s City Council passed a roughly $16 billion budget for 2026 — less than two weeks before the deadline — without certainty about whether Mayor Brandon Johnson will sign or veto the plan. The council on Saturday held votes on appropriations and management ordinances needed to approve a spending plan that would close…

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