Illinois State Budget Fiscal Year 2024

The deficit next fiscal year is projected to increase to $933 million if the district provides a 4% raise for teachers and principals and picks up a $175 million. Governor jb pritzker will give his 6th illinois state budget address with government forecasters predicting both a major surplus and major deficit.

The state ended fiscal year 2024 with about $4.7 billion cash on hand, or about 9% of the allocated spending for fiscal year 2025, which began july 1. The $50.4 billion spending plan anticipates.