Pritzker's budget office slashes 2026 revenue forecast down more than $500M

Governor’s office cuts revenue projection by $500M in latest downward estimate

Move comes as lawmakers enter final two-week stretch of budget negotiations Gov. JB Pritzker’s office is now projecting state revenues to come in about a half-billion dollars below the baseline projections assumed during his February budget address. The latest downward revision comes as lawmakers are entering the final two-week stretch to approve a budget before […]

Pritzker's budget office slashes 2026 revenue forecast down more than $500M

While representing just a 1% decline, the forecast complicates an already tight fiscal picture as Pritzker and state lawmakers seek to pass a budget by the end of May.

Pritzker must address multi-billion-dollar deficit amid federal funding uncertainty

Springfield, IL (Capitolnewsillinois.com)

Governor’s office cuts revenue projection by $500M in latest downward estimate – Muddy River News

SPRINGFIELD — Gov. JB Pritzker’s office is now projecting state revenues to come in about a half-billion dollars below the baseline projections assumed during his February budget address. The latest downward revision comes as lawmakers are entering the final two-week stretch to approve a budget before their May 31 deadline amid increasing economic uncertainty. While Pritzker’s office blamed changes made by the Trump administration for revenue sh…

Governor’s office cuts revenue projection by $500M in latest downward estimate - Mahomet Daily

by Ben Szalinski, Capitol News Illinois May 14, 2025 SPRINGFIELD — Gov. JB Pritzker’s office is now projecting state revenues to come in about a half-billion dollars below the baseline projections assumed during his February budget address. The latest downward revision comes as lawmakers are entering the final two-week stretch to approve a budget before their May 31 deadline amid increasing economic uncertainty. While Pritzker’s office blamed ch…