The legislature has approved the Fiscal Year 2025 budget, which outlines spending for the year beginning on July 1, 2024. The approved budget includes estimated revenues of $53.281 billion and spending of $53.074 billion, marking it as the largest budget in state history. This figure surpasses the Governor's February budget address request by several hundred million dollars and includes nearly $1 billion in tax increases.
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SPRINGFIELD, Ill. The Illinois House of Representatives approved the state s Budget in the early hours of Wednesday, May 29, sending it to Pritzker s desk.
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