Budget + Tax

Illinois’ emergency reserves lowest in nation

Illinois’ emergency reserves lowest in nation

Illinois is dead last of the 50 states in its ability to handle a financial crisis. It couldn’t last a month. The rainy-day fund that should be its primary reserve, and that Gov. J.B. Pritzker lauded himself for refilling, could barely cover two weeks.

By Bryce Hill

Pritzker pushes $13B pension benefit hike in his budget

Pritzker pushes $13B pension benefit hike in his budget

Newer state employees would get a $13 billion pension benefit boost if Gov. J.B. Pritzker’s fiscal year 2026 budget proposal passes. What should be a minor fix is being used to create an even bigger Illinois pension mess.

By Bryce Hill