Illinois Quick Hits: Pritzker's fiscal update blasts Trump administration

Illinois Quick Hits: Pritzker’s fiscal update blasts Trump administration

February 6, 2026/

By Jim Talamonti | The Center Square
The Center Square

(The Center Square) – The Governor’s Office of Management and Budget says tax provisions in the Big Beautiful Bill Act would reduce state revenue by $587 million for the current fiscal year, even after Gov. J.B. Pritzker and state lawmakers moved to decouple from federal tax cuts.

In addition, the latest GOMB update said federal requirements related to SNAP and Medicaid eligibility would lead to state implementation costs of more than $100 million over the next two fiscal years.

TREASURER REPORTS STATE INVESTMENT EARNINGS

The Illinois State Treasurer’s Office made $1.5 billion in investment earnings from the state’s investment portfolio during 2025.

Treasurer Michael Frerichs made the announcement Thursday.

Frerichs said his office is trying to maximize earnings at a time when he said President Donald Trump is “illegally yanking” federal money from Illinois.

CHICAGO MAYOR APPLAUDS FEDERAL LAWMAKERS

Chicago Mayor Brandon Johnson is applauding Illinois’ congressional delegation for helping to secure $42.2 million in federal funds to support 40 projects across Chicago.

The mayor’s office said the amount is a 70.7% increase in funding from fiscal year 2024. Johnson said the federal taxpayer funds would allow the city to replace lead pipes, support seniors and invest in public safety.

Event Calendar

Events

No events

Leave a Comment





Latest News Stories

Islamic civil rights group says nothing about civil unrest in Iran

Islamic civil rights group says nothing about civil unrest in Iran

By Johnny EdwardsThe Center Square America’s largest Muslim advocacy group speaks out regularly about Israel’s alleged abuses in Gaza. But it has yet to say anything about ongoing human rights...
Ohio debate over potential child care facility fraud heats up

Ohio debate over potential child care facility fraud heats up

By J.D. DavidsonThe Center Square The debate over taxpayer-funded child care facilities across Ohio has intensified since State Rep. Josh Williams, R-Sylvania Township, called for an investigation earlier this week....
As Illinois ends grocery tax locals can replace, food inflation debate continues

As Illinois ends grocery tax locals can replace, food inflation debate continues

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – An Illinois congressman’s warning that Americans are paying more for groceries is drawing pushback from economists...
North Carolina NYE terror attack foiled by FBI, several police departments

North Carolina NYE terror attack foiled by FBI, several police departments

By Morgan SweeneyThe Center Square The FBI and several police departments foiled another New Year’s Eve terror plot, this time in North Carolina, officials announced on Friday. The FBI apprehended...
DeWine defends fraud safeguards at Ohio child care facilities

DeWine defends fraud safeguards at Ohio child care facilities

By J.D. DavidsonThe Center Square Ohio Gov. Mike DeWine is defending the state’s child care spending, saying longtime safeguards are in place that help prevent widespread fraud uncovered in Minnesota....
Illinois quick hits: State keeps more tax revenue, locals get less

Illinois quick hits: State keeps more tax revenue, locals get less

By Jim Talamonti | The Center SquareThe Center Square State keeps more tax revenue, locals get less Across Illinois, local governments have lost more than $10.9 billion in state income...
U.S. House contests to decide control of Congress in 2026

U.S. House contests to decide control of Congress in 2026

By Andrew RiceThe Center Square The 2026 midterm elections promise to bring fierce competition as Democrats and Republicans battle for control of Congress. All 435 seats in the U.S. House...
'Locked and loaded':Trump warns Iran

‘Locked and loaded’:Trump warns Iran

By Sarah Roderick-FitchThe Center Square Following days of civil unrest in Iran, President Donald Trump issued a warning to the Iranian regime that the U.S. is prepared to take action...
First negotiated Medicare drug prices go into effect Jan. 1

First negotiated Medicare drug prices go into effect Jan. 1

By Morgan SweeneyThe Center Square Negotiated lower Medicare costs for 10 popular prescription drugs went into effect Thursday. How much those savings will be passed on to Medicare Part D...
U.S. House vote on employee bargaining met with ‘political theater’ criticism

U.S. House vote on employee bargaining met with ‘political theater’ criticism

By Catrina BarkerThe Center Square )The Center Square) – An Illinois congressman praised a vote to restore collective bargaining for over one million federal workers while critics say the U.S....
Eight killed in U.S. military counter-narcotics strikes

Eight killed in U.S. military counter-narcotics strikes

By Elyse ApelThe Center Square The U.S. military conducted five more strikes on drug boats in the Caribbean in the last days of 2025. This is according to the U.S....
Hog producer: 2025 was strong, but IL legislature needs to address estate tax

Hog producer: 2025 was strong, but IL legislature needs to address estate tax

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – An Illinois hog producer says 2025 was a strong year, but state lawmakers need to address estate...
Trump to remove National Guard members from Chicago, LA, Portland

Trump to remove National Guard members from Chicago, LA, Portland

By Sarah Roderick-Fitch | The Center SquareThe Center Square (The Center Square) – National Guard members deployed in Chicago, Los Angeles, and Portland, Ore., will head home after President Donald...
Illinois’ compact fluorescent bulb ban begins to take effect

Illinois’ compact fluorescent bulb ban begins to take effect

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – One of the nearly 300 new laws that took effect in Illinois New Year’s Day is a...
Illinois quick hits: SBA sues Chicago over online betting tax

Illinois quick hits: SBA sues Chicago over online betting tax

By Jim Talamonti | The Center SquareThe Center Square Illinois to receive rural health-care funding The federal government has awarded Illinois $193.4 million per year for five years to expand...