Illinois

Illinois

Budget Cycle
Annual

Governor Submits Budget
February (3rd Wednesday)

Fiscal Year Begins
July 1 

Governor Signs Budget 
60 days after received from legislature

Budget Links

FY2023 (enacted)
FY2023 (proposed)
FY2022 (enacted)
FY2021 (enacted)
FY2020 (enacted)
FY2019 (enacted)
FY2018 (enacted)

Proposed Budget - Fiscal Year 2023

Illinois Governor JB Pritzker released his fiscal 2023 budget proposal on February 2, which calls for operating expenditures from all funds of $112.5 billion, a 1.4 percent increase from fiscal 2022. The main funding sources for fiscal 2023 are general funds (39.1 percent), all other state funds (39.5 percent), and federal funds (21.4 percent). General fund expenditures are estimated to be $45.375 billion, a 3.4 percent decrease from fiscal 2022 expenditures. General fund revenues are estimated to be $45.8 billion in fiscal 2023, a 4.1 percent decline from estimated fiscal 2022 totals. The budget assumes a general fund surplus of $458 million. Investment priorities in the governor’s fiscal 2023 budget proposal include the healthcare system; early childhood programs; K-12 education; higher education; social service programs; public safety and violence prevention; economic development and infrastructure; and environmental and cultural resources.


Proposed Budget Highlights 
The proposed budget for fiscal 2023 builds on three years of progress and recommends a balanced budget with a significant surplus; paying debts; saving for a rainy day; providing tax relief for Illinois families; and funding programs to help all Illinoisans. The recommended budget invests in critical areas of growth and services, including education, public safety, and small businesses. Additionally, with revenues exceeding initial projections, the budget provides significant one-time relief to families. Budget highlights include:

Family Relief Plan
  • $475 million in property tax rebates for families, with a one-time property tax rebate payment to homeowners of 5 percent of property taxes paid, up to $300 for those eligible for a state income tax credit
  • $360 million by freezing the state's tax on groceries
  • $135 million by freezing the planned increase in the gas tax

Fiscal Responsibility
  • Additional $500 million directly to the Pension Stabilization Fund, reducing long-term liabilities by $1.8 billion
  • Adds nearly $900 million to the Rainy Day Fund
  • Eliminates the $898 million owed for employee health insurance
  • Saves $2 billion through fiscal management strategies

Investing in Education
  • $350 million increase for Evidence Based Funding for K-12 schools
  • $96 million increase for district transportation and special education
  • $54 million increase for early childhood education
  • $300 million to strengthen and grow childcare grants
  • Increase Monetary Award Program (MAP) funding to $600 million, a one-year increase of $122 million, increasing the maximum award to 50 percent of average tuition and fees at public universities and expanding eligibility to students enrolled in short-term certificate programs
  • Pays off the $230 million unfunded liability for College Illinois! Pre-paid tuition program
  • Increases funding for minority teacher scholarships

Strengthening Healthcare
  • Waives licensing fees for nearly 470,000 frontline healthcare workers
  • $180 million to preserve and expand the healthcare workforce, through Medicaid providers - focusing on underserved and rural areas
  • $140 million to mental health care providers through rate enhancements
  • $70 million to 9-8-8 call centers and crisis response services for mental health
  • $25 million to expand the healthcare workforce pipeline through the Illinois Community College Board

Support for Small Businesses and Employers
  • One-year waiver of retail liquor license fees to aid restaurants, bars, and liquor license holders
  • $38 million to Employer Training and Investment Program to assist with workforce and employee training efforts
  • $5 million to develop minority entrepreneurship programs and support small, minority-owned businesses
  • $35 million in new capital appropriations to Rebuild Main Streets and Downtown Commercial Corridors to promote new investment and bring jobs to communities

Public Safety & Violence Prevention
  • Over $800 million for violence prevention appropriations, tripling state violence prevention funding since fiscal 2019
  • 300 new state troopers, the single largest dollar investment in state history to expand cadet classes
  • $50 million increase directly from cannabis revenues to support communities harmed by violence, excessive incarceration, and economic disinvestment
  • $20 million to support Gang Crime Witness Protection Program
  • $20 million for non-profits for security investments to prepare for hate crimes
  • $5.4 million for increased staffing and equipment at new forensic lab

Protecting the Most Vulnerable
  • $2 billion for services for people with developmental disabilities, including implementation of 2nd phase of Guidehouse recommendations
  • $250 million increase to hire additional Department of Children and Family Services staff, increase rates for private partners and create new residential capacity