Illinois State Budget

Illinois' state budget is a financial plan that outlines how the government raises and spends money over a year. It includes funding for education, healthcare, transportation, public safety, and other services. The budget is created through legislative approval and is influenced by revenue from taxes, fees, and federal aid. Balancing the budget involves managing spending to match available income, which can be challenging during economic ups and downs. A well-managed budget aims to meet the state's priorities while maintaining fiscal responsibility and sustainability for future generations.