Updated
Updated · Capitol News Illinois · May 31
Illinois Senate Files $55.9 Billion Budget Without Disclosing Revenue Plan
Updated
Updated · Capitol News Illinois · May 31

Illinois Senate Files $55.9 Billion Budget Without Disclosing Revenue Plan

1 articles · Updated · Capitol News Illinois · May 31
  • $55.9 billion in Illinois spending for fiscal 2027 was filed in a 3,500-page Senate amendment, but the companion revenue package and any new taxes were still undisclosed with hours left in session.
  • Elgie Sims said the plan keeps overall spending roughly flat, fully funds pensions and the K-12 evidence-based formula, preserves local governments' income-tax share, and includes a school-supplies sales-tax holiday plus a freeze on a 1.3-cent gas-tax increase.
  • The package also would create a one-year FRESH program offering $400 payments to people who lose or see cuts in SNAP benefits, at an estimated cost of about $70 million.
  • Republicans attacked the late-stage process and specific transfers, including a proposed $150 million diversion of motor-fuel sales-tax revenue to the general fund and a $70 million sweep from the BRIDGE fund.
  • Lawmakers aim to pass the budget by midnight Monday so it can take effect July 1 with a simple majority; missing that deadline would require three-fifths votes.
With massive pension debt, is Illinois's new budget a real solution or just a temporary patch?
Can Illinois fund its new spending with novel taxes on social media and crypto without future hikes?
Is a one-time $400 payment a sustainable fix for thousands losing long-term federal food aid?