Illinois budget

The Illinois budget is a financial plan that outlines how the state will collect and spend money over a fiscal year. It includes funding for essential services like education, healthcare, infrastructure, and public safety. The budget reflects the state's revenues (from taxes and other sources) and expenditures. Balancing the budget is crucial, meaning the state shouldn't spend more than it earns. Challenges like economic fluctuations, debt, and political decisions can impact the budget, leading to debates about priorities and funding allocations. Overall, the budget is vital for managing the state's resources and ensuring services for residents.