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

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

February 6, 2026/
Spread the love

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.

Leave a Comment





Latest News Stories

Illinois Quick Hits: Cyber attack shuts down Evanston High School

Illinois Quick Hits: Cyber attack shuts down Evanston High School

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Evanston Township High School officials say they are cooperating with the FBI after a ransomware attack on...
DC schools use sex ed curriculum that avoids using ‘male,’ ‘female,’ promotes abortion

DC schools use sex ed curriculum that avoids using ‘male,’ ‘female,’ promotes abortion

By Tate RosentreterThe Center Square An education defense group is exposing what it says is the District of Columbia Public Schools “extreme” and “inappropriate” sexual education curriculum, where the terms...
U.S. Supreme Court slaps down Biden administration energy ruling

U.S. Supreme Court slaps down Biden administration energy ruling

By Andrew RiceThe Center Square The U.S. Supreme Court on Monday slapped down a decision from the Biden administration that regulated efficiency standards for furnaces and water heaters. Justices on...
Trump calls on Iran, Israel to 'stop shooting,' return to talks

Trump calls on Iran, Israel to ‘stop shooting,’ return to talks

By Sarah Roderick-FitchThe Center Square The ceasefire and a potential Iranian deal could be in shambles as Israel and Iran exchanged missile attacks early Monday. President Donald Trump, still seeking...
Everyday Economics: A stable labor market is not enough

Everyday Economics: A stable labor market is not enough

By Orphe DivounguyThe Center Square The May jobs report offered a measure of reassurance: the labor market is stable. Employers are still adding jobs, layoffs remain contained, and the economy...
Fishermen advocate begins campaign against offshore wind, ‘industrializing’ of the ocean

Fishermen advocate begins campaign against offshore wind, ‘industrializing’ of the ocean

By Tate RosentreterThe Center Square (The Center Square ) – The New England Fishermen’s Stewardship Association began a campaign to bring attention to what it says is a radical climate...
Sorensen drug-pricing bill draws criticism from former FDA official

Sorensen drug-pricing bill draws criticism from former FDA official

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – U.S. Rep. Eric Sorensen, D-Illinois, is backing legislation he says would lower prescription drug costs by...
Supporters, critics clash over future of taxpayer funding for Rx Kids

Supporters, critics clash over future of taxpayer funding for Rx Kids

By Elyse ApelThe Center Square Michigan lawmakers remain divided over the future of the state's Rx Kids program as House Republicans continue scrutinizing the initiative. The first-in-the-nation cash assistance program,...
U.S. Senate race headlines Maine primaries as voters head to polls Tuesday

U.S. Senate race headlines Maine primaries as voters head to polls Tuesday

By Andrew RiceThe Center Square Voters in Maine will head to the polls Tuesday in high profile primary races that could help determine control of Congress. The races have garnered...
Bessent backs 3% deficit goal despite 5% budget forecasts

Bessent backs 3% deficit goal despite 5% budget forecasts

By Brett RowlandThe Center Square U.S. Treasury Secretary Scott Bessent pledged in two congressional hearings this week to cut the federal deficit to 3% of GDP, a target the government's...
Constables hope to find missing children in immigration search effort

Constables hope to find missing children in immigration search effort

By Bethany BlankleyThe Center Square After months of Congress stalling on funding for U.S. Immigration and Customs Enforcement and administrative changes, Pennsylvania state constables who’ve signed agreements to support federal...
Lawmaker blasts reports of ‘equitable assessments’ at medical school

Lawmaker blasts reports of ‘equitable assessments’ at medical school

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – Illinois State Rep. Bill Hauter, a Republican physician and graduate of the University of Illinois College...
FOID changes advance in Illinois House, not called in Senate

FOID changes advance in Illinois House, not called in Senate

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Changes to Illinois’ Firearm Owner’s ID Card didn’t get across the finish line before the General Assembly...
Texas tops California, New York, with the most Fortune 500 headquarters

Texas tops California, New York, with the most Fortune 500 headquarters

By Bethany BlankleyThe Center Square Under Gov. Greg Abbott, the most Fortune 500 headquarters are now located in Texas. According to Fortune Media’s 2026 Fortune 500 list, its top companies...
Nine candidates run in Las Vegas congressional district

Nine candidates run in Las Vegas congressional district

By Liam HibbertThe Center Square Nevada’s 1st Congressional district sees a total of nine candidates vying for Tuesday's Democratic and Republican primaries, but only two have captured the majority of...