Pritzker Signs Seventh Balanced Budget: Illinois Democrats’ Fiscal Success Sparks Debate
Illinois’s $55.1 billion FY26 budget, signed into law, demonstrates continued fiscal responsibility while prioritizing key areas. The budget, avoiding tax increases for working families, invests in education ($307 million for evidenced-based funding), healthcare (including $25 million for a new Pharmacy Benefits Management program and $15 million for medical debt relief), and economic development. Significant funding is also allocated to social services, infrastructure, and pension obligations, further strengthening the state’s financial position with a projected $2.5 billion in the Budget Stabilization Fund by year’s end. These investments underscore the state’s commitment to its citizens and long-term financial stability.
John Q. Hosedrinker