Illinois Governor JB Pritzker claims to have signed a balanced budget, but he is only correct definitionally, as Illinois law requires the governor to sign a balanced budget. In reality, the state carries approximately $173 billion in debt, and the Commission on Government Forecasting and Accountability (COGFA) projects a $673 million deficit. Photo courtesy of JB Pritzker via Instagram. According to a press release from the office of the governor, the Illinois General Assembly passed Governor JB Pritzker’s eighth consecutive balanced budget, totaling $55.9 billion for Fiscal Year 2027. The plan focuses on making Illinois more affordable for working families, fully funding the state’s pension obligations, and investing in education, all while keeping discretionary spending increases below 1%. Senate President Don Harmon (D-Oak Park)…
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