Source: Fox 2 News
“Illinois lawmakers passed a nearly $56 billion state budget early Monday morning after the spring legislative session stretched several hours past its deadline. The $55.9 billion spending plan is the largest state budget in Illinois history. The House passed the budget just after 4 a.m. by a vote of 76 to 39. The plan now heads to Gov. J.B. Pritzker’s desk, who said he plans to sign it. The budget includes more than $800 million in new tax revenue, including new taxes tied to digital advertising revenue, prediction markets, cryptocurrency and large social media companies. It also extends a cap on corporate operating losses, which is expected to generate about $300 million in state revenue.” (06/01/26)
https://fox2now.com/news/illinois/illinois-lawmakers-pass-record-56b-budget-with-new-taxes-spending/