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Tag: State budget

State receives first credit rating upgrade in more than 20 years

State receives first credit rating upgrade in more than 20 years

— June 30, 2021

SPRINGFIELD – Illinois received its first credit rating upgrade in 23 years on Tuesday, June 29 when Moody’s Investors Services raised the state’s rating one notch, citing “material…

  • Hundreds of bills head to governor’s desk

    Hundreds of bills head to governor’s desk

    — June 25, 2021

    SPRINGFIELD – With the first year of the 102nd General Assembly mostly wrapped up, lawmakers have officially passed 664 bills through both houses for eventual consideration by the…

  • State’s revenue picture improves as economy recovers

    State’s revenue picture improves as economy recovers

    — May 14, 2021

    SPRINGFIELD – Illinois budget officials said Thursday, May 13 that revenues are flowing into state coffers at a faster pace than previously estimated, meaning lawmakers will have…

  • Mendoza warns of dangers ahead for Illinois budget

    Mendoza warns of dangers ahead for Illinois budget

    — August 4, 2020

    SPRINGFIELD – Illinois Comptroller Susana Mendoza is adding her voice to those warning that the state will face dire consequences if the federal government does not approve an economic…

  • Pritzker: Virus will hit state budget hard

    Pritzker: Virus will hit state budget hard

    — April 15, 2020

    SPRINGFIELD — Gov. J. B. Pritzker’s administration estimates state revenues will come up billions of dollars shorter than expected this fiscal year and next due to the novel coronavirus’s…

  • Lawmakers adopt $42.3 billion budget, say pension obligations met

    Lawmakers adopt $42.3 billion budget, say pension obligations met

    — June 1, 2021

    SPRINGFIELD – Illinois lawmakers worked into the early hours of Tuesday morning to pass a $42.3 billion state budget plan for the upcoming fiscal year that Democrats say would fully…

  • Congressional inaction could hamper state’s ongoing COVID-19 response

    Congressional inaction could hamper state’s ongoing COVID-19 response

    — December 10, 2020

    SPRINGFIELD – The head of Gov. J.B. Pritzker’s budget office said this week that the state of Illinois is on track to spend all of the money it received through the federal CARES…

  • Pritzker says General Assembly needs to meet, warns counties not to reopen early

    Pritzker says General Assembly needs to meet, warns counties not to reopen early

    — May 12, 2020

    SPRINGFIELD — Gov. J.B. Pritzker said Tuesday, May 12 he would consider withholding federal pass-through funds to counties ignoring his stay-at-home order and said it “would be…

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