Illinois Passes $55 Billion Budget; No Bears Stadium Funding | JQJO

Illinois lawmakers passed a $55.2 billion budget for the next fiscal year, including over $1 billion in new taxes on sports betting, nicotine products, and businesses. The budget, passed with little public review, faced Republican criticism for lacking cuts and raising taxes. New revenue sources include taxes on foreign business income and increased tobacco and vaping taxes. While the budget includes funding for various initiatives like health centers and education, it notably excludes funding for a new Chicago Bears stadium. Governor Pritzker announced he will sign the budget.