Illinois Passes $56 Billion Budget While Enacting New Taxes


Illinois passes $56B budget –

Lawmakers approved the state budget early Monday morning after slogging through the night, enacting new taxes on businesses and authorizing less spending than what Gov. JB Pritzker proposed in February.

Legislature fails to get @ChicagoBears deal into the endzone. But, Illinois has an official state bee, the largest state budget in Illinois history that includes all kinds of new taxes and rideshare drivers can unionize — if the governor signs these bills, among 395 total bills that passed both chambers this spring session. See them all in their tens of thousands of pages of legalese and legislative speak here: ilga.gov/Reports/Previe…)

No Republicans voted for the plan, though some House lawmakers said they were at least more involved in budget negotiations than in recent years.

Lawmakers incorporated a pair of the tax changes that Pritzker had proposed in February. One would lower the cap on corporate net operating loss deductions for business. Another would impose a tax on social media companies based on the number of users the platform has in Illinois. Combined, those would generate $500 million in new revenue.

Read more: https://abc7chicago.com/post/illinois-lawmakers-pass-59b-budget-new-taxes-social-media-companies-crypto-fantasy-sports/19210755/

In the 11th Hour of the General Assembly session, the Senate advanced a Bill that would mean that the village of Arlington Heights would own the land the Bears Stadium is on, so the land would not be Property Taxable, meaning the City, the Schools, NONE of the property taxing bodies would receive any funding from the land. Which basically means all of the property tax payers would be Fucked.

Congratulations Springfield! Another Disaster.

YAY, Crazy unbearable traffic coupled with ZERO property tax assistance… WHAT COULD GO WRONG?!

“Once again, Illinois Democrats jammed through a massive, nearly $56 billion state budget in the dead of night, giving taxpayers and legislators little to no time to review what’s actually in it. Worse yet, House Rules were suspended to fast-track this legislation, preventing the thorough debate and transparency Illinois families expect and deserve.

“At a time when working families are struggling with rising costs, this budget grows government instead of delivering real relief. A $55.9 billion spending plan, the largest in state history, should demand careful review and bipartisan input, not backroom deals and last-minute votes.

“The people of Illinois expect honesty, transparency, and fiscal responsibility from their government. I voted ‘No’ on HB 111 because Illinois deserves a better budget process—one that respects taxpayers, lawmakers, and the principles of open government.”

The Senate just passed legislation allowing out-of-state illegal immigrants to receive in-state tuition rates at all Illinois public universities.

You can’t make this stuff up.

The university bureaucracies love it because it means more revenue. Illinois families get the bill. At a time when tuition is already too high, Springfield is once again putting everyone else ahead of the taxpayers who actually live here.

Today, I voted NO on the Fiscal Year 2027 state budget. This budget spends $55.9 billion, the largest budget in Illinois history. It also includes nearly $800 million in new taxes and fees.

Illinois does not have a revenue problem. The problem is with spending. Since Governor Pritzker took office, state spending has increased by nearly 40% while taxpayers continue to hear the same excuses and see the same results.

This is what’s in the new budget:

  • Nearly $800 million in new taxes and fees.
  • At least $220 million in pork projects and political earmarks.
  • Approximately $410 million in spending on illegal immigrant programs and services.
  • No meaningful property tax relief.
  • No increase in the Local Government Distributive Fund, leaving communities with the same 6.47% share they received last year.

The people I represent expect government to focus on public safety, affordability, and responsible spending. Instead, Illinois Democrats have produced another record-breaking budget and simply handed taxpayers the bill.

The process was just as disappointing as the product. Republicans were largely shut out of negotiations, leaving millions of Illinois residents without the voice of their elected representative during budget discussions.

Illinois families have already absorbed 57 tax and fee increases under Governor Pritzker, costing taxpayers more than $77 billion. This budget continues that trend. Taxpayers deserve better stewardship of their money

The Illinois general assembly passed a $55 billion budget without a Bears stadium bill.

The Illinois Senate overnight passed last-ditch effort aimed at keeping the Bears in Illinois, that essentially creates the chance for municipalities to own stadiums. That would mean the Bears would pay $0 in property taxes, but pay taxes on the development around a stadium.

The Illinois House did not take up a vote on the bill, and the general assembly adjourned.

In a statement early Monday, the Bears said “We will finalize our evaluation of both Arlington Heights and Hammond, and remain on the late spring/early summer timeline that we have previously communicated. We will provide an update when we have a decision to share.”

The budget, without a Bears’ stadium bill, now heads to Gov. JB Pritkzers desk.

Let’s breakdown the facts. Eight years under Governor Pritzker:

📈State spending up $16 billion (+40%)
💰Illinois families paying $1,700 more in taxes
💼Highest unemployment rate in the Midwest (4th in the nation)
🏡Highest property taxes in America
✂️Cut the Property Tax Relief Fund
🚌School transportation funding reduced
⚡️Energy bills soaring across the state

And that’s just scratching the surface.
Illinois families are paying more and getting less.

Senator Cristina Castro-led ban on cellphones in schools heads to governor.

http://ilsenatedems.co/Ei3i50Z5Yks

Springfield is celebrating a “gas tax freeze.”

Reality?

They’re not cutting your gas taxes.
They’re not even pausing them.

They’re postponing the next automatic gas tax increase for six months.

The increase is roughly a penny per gallon.

In Springfield, delaying a tax hike by one penny is considered tax relief. 🤦‍♂️🤦‍♂️🤦‍♂️

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BS in Environmental Engineering from Northwestern University's McCormick College of Engineering MBA from DePaul University's Kellstadt's College of Business JD from DePaul University's College of Law Website: www.attorneymccampbell.com
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