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Wednesday, November 5, 2025

Illinois projects $267 million budget shortfall for fiscal year 2026

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Li Arellano, Jr., Illinois State Senator for 37th District | Facebook

Li Arellano, Jr., Illinois State Senator for 37th District | Facebook

Illinois is facing a projected budget deficit of $267 million for fiscal year 2026, according to a recent report from the Governor’s Office of Management and Budget (GOMB). The report also warns that if no changes are made, the deficit could grow to $2.2 billion by fiscal year 2027.

Governor JB Pritzker has increased state spending by almost 40 percent since taking office. This has resulted in Illinois’ budget reaching record levels. Republican lawmakers have repeatedly expressed concern about this rise in spending and its impact on the state’s financial health.

The Governor has introduced several new programs and initiatives, including providing state funding for non-citizens. However, these actions come as the state’s long-term financial outlook shows signs of stress. Republican legislators say that relying on temporary revenue sources and continued increases in spending puts Illinois in a vulnerable position.

State Senator Li Arellano Jr., who was elected in 2025 to represent Illinois' 37th Senate District, commented on the situation. “The growing deficit is the latest example of the dangers of overspending and misplaced priorities in Springfield,” Arellano said. “He believes the state must rein in spending, focus on fiscal responsibility, and protect working families from the long-term consequences of continued budget mismanagement.”

Arellano succeeded Win Stoller as senator for the district.

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