Wednesday, Gov. JB Pritzker signed into law a plan to decouple from federal tax policy to address Illinois’ budget deficit.

A new Illinois law has allowed the Pritzker administration to address the state's current budget deficit by decoupling from ...

SPRINGFIELD (CNI) - Illinois is on track to run a more than $200 million deficit just three months into the current fiscal year, according to the Governor’s Office of Management and Budget. If nothing ...

Chicago's projected budget deficit in 2026 is even higher than previously predicted, Mayor Brandon Johnson and city officials warned Friday. The city is facing major revenue shortages next year and a ...

Click here to subscribe to Crain's Daily Gist on iTunes, Spotify and Stitcher! Want to listen on your smart speaker? Click here to learn how. Illinois says it's already facing a $267 million budget ...

Mayor Brandon Johnson called the plan speculative, infeasible and immoral, but has yet to announce whether he would veto the plan. It would take 34 votes to override that rejection.

The Champaign County Board is voting next Thursday to add three non-binding questions to March’s primary ballot. The questions are asking the public’s opinion on how to fix the county’s general fund ...

Illinois sports betting operators are already paying higher state taxes, but Chicago’s revised budget keeps a city tax on the ...

With an improved financial performance in FY 2025, the University of Chicago is ahead of schedule to operate with a balanced budget by 2028. The University of Chicago reduced its budget deficit from ...