On Wednesday, February 21, 2024, Governor JB Pritzker delivered his State of the State and State Fiscal Year (SFY) 2025 Budget Address to a joint session of the Illinois House and Senate. The Governor's SFY 2025 budget proposes $52.933 billion in state revenues and $52.695 billion in state spending. This represents an increase of $752 million (2 percent) in spending over SFY 2024 estimated spending.
This was the Governor's sixth State of the State and Budget Address and second proposed budget of his second term.
The Governor touted positive developments in the State's economy and conveyed his belief that the future of Illinois is bright and that opportunity lies ahead.
Additionally, Governor Pritzker highlighted several investments included within his proposed SFY 2025 budget. Some of these investments are as follows:
- Provides over $400 million in early childhood investments
- Increased spending on K-12 education
- Increased spending on higher education
- Improvements in healthcare access and outcomes
- Increased investments in preventing and ending homelessness
- Funding for the Children's Behavioral Health Transformation
- Additional investments across several state agencies and programs
- Allocation of additional dollars to responsibly fund state pension obligations
- $51 billion in SFY 2025 total capitol appropriations
- $300 billion in new bond fund appropriations to enhance Rebuild Illinois
Details about these investments are available in the Budget in Brief document available via this link.
A full transcript of the Governor's remarks is available via this link.
It should be noted that the Governor's proposed budget does not call for an increase or decrease in Local Government Distributive Fund (LGDF) revenue for SFY 2025. ISACo will continue to work with our coalition partners to pursue an incremental increase in LGDF revenues to a full ten percent share. The current distribution is 6.47 percent of income tax revenues collected.
ISACo will review the details within the proposed budget and communicate with legislators about county priorities.
State Fiscal Year (SFY) 2025 Budget Documents
Operating Budget (pdf)
Capital Budget (pdf)
Budget in Brief (pdf)
SFY 2025 Proposed Budget Highlights (pdf)
SFY 2025 Proposed Budget Toplines (pdf)
Operating Budget Data Files Description (pdf)
Operating Budget Detail (xls)
Operating Budgeting for Results Detail (xls)
Performance Measures Detail (xls)
Capital Projects List (xls)
FY24 Supplemental Details (xls)
General Funds Transfer Out Detail (pdf)
Prepaid Tuition Act Certification Letter (pdf)