Gov. J.B. Pritzker delivers his combined budget and State of the State address in front of House Speaker Emanuel “Chris” Welch and Senate Majority Leader Kimberly Lightford to a joint session of the General Assembly on Wednesday, Feb. 15, 2023 at the Illinois State Capitol in Springfield, Ill. (Brian Cassella/Chicago Tribune via AP, Pool)

Gov. Pritzker Signs Fifth Balanced Budget

CHICAGO – Building on four years of fiscally responsible leadership, Governor JB Pritzker signed the Fiscal Year 2024 budget into law today, delivering his fifth balanced budget while making transformative investments in early childhood, K-12 schools, higher education, workforce and economic development and efforts to fight violence and poverty.

The Fiscal Year 2024 budget prioritizes fiscal responsibility, contributing an additional $200 million to the state’s pension systems beyond what is required, continuing to pay down the state’s remaining outstanding debts, and making ongoing contributions to the state’s Budget Stabilization Fund, set to surpass $2 billion.

“With this budget we’re building a stronger economy and putting our state back on sound fiscal footing, while also making smart investments in priorities like education, healthcare, and local communities,” said House Speaker Emanuel “Chris” Welch (D-Hillside). “I want to thank Governor Pritzker and Senate President Don Harmon for their commitment to getting this right. I also want to thank my Chief Budgeteer Jehan Gordon-Booth, the House Appropriations Chairs, and Budget Negotiation Team for the hard work that went into crafting a budget that expands opportunity and creates a brighter future for Illinois.”