Overview

• Illinois lawmakers approved a $55.2 billion spending package minutes before the constitutional deadline and sent it to Governor J.B. Pritzker for signature.
• The budget bridges an estimated $1 billion revenue shortfall with levies on sports wagers, higher tobacco taxes and a corporate income tax on overseas profit shifts.
• Lawmakers cut $330 million by ending health insurance for roughly 33,000 noncitizen adults aged 42 to 64 while preserving a $110 million program for seniors.
• Public schools will receive an additional $307 million in mandated K-12 funding under the new spending plan.
• A stalled transit governance and funding bill left a $770 million gap for the CTA, Metra and Pace that could trigger service cuts unless legislators reconvene.