Oct 24, 2023
press
Press Releases
Press Releases
FY24 Budget Makes Transformative Investments in Education, Workforce and Economic Development, and Efforts to Fight Poverty CHICAGO - said Governor JB Pritzker said Lt. Governor Juliana Stratton said Senate President Don Harmon (D-Oak Park) said House Speaker Emanuel "Chris" Welch (D-Hillside) said State Senator Elgie R. Sims, Jr. - the Senate's Appropriations Leader (D-Chicago) said House Chief Budgeteer Jehan Gordon-Booth (D-Peoria) FISCAL YEAR 2024 BUDGET HIGHLIGHTS OVERVIEW Commitment to Fiscal Responsibility - 5th balanced budget $2 billion $1 trillion $200 million $700 million $450 million $60 million $85 million Early Childhood Education and Childcare Funding $250 million $75 million $130 million $40 million $5 million $70 million $20 million $1.6 million K-12 Education $350 million $8.279 billion $1.443 billion $4.0 billion $45 million $3 million Higher Education $100 million $701 million $100 ($80.5 million) ($19.4 million) $15 million $50 million $8.3 million $11 million $2 million $750,000 $3.8 million $25 million $3 million Health and Human Services $75 million $500 million $240 million $42.5 million $22.8 million $18 million $24 million $10 million $1.2 million $53.5 million $35 million $41 million Addressing Homelessness Home Illinois $85 million $350 million $118 million $40.7 million $50 million $40 million $37 million $35 million $30 million $21.8 million $15 million $12.5 million Public Safety and Violence Prevention $250 million $200 million $75 million $40 million -- $20 million each $16.1 million $2.1 million $18 million $30 million $10 million $2.5 million $13 million Government Services $16.5 million $32.5 million $75 million Economic and Community Development $400 million $20 million $40 million $10 million $2 million $2.5 million $10 million for high schools $20 million $30 million $28 million $2 million $20 million $19 million $30 million $90 million $55 million Environmental Initiatives $12 million $267.8 million $70 million $56 million $50 million $10 million Capital and Transportation Funding Rebuild Illinois Infrastructure Investment and Jobs Act $18.0 billion $7.2 billion $4.6 billion $3.4 billion $1.2 billion $300 million $100 million $230.2 million $10 million $86 million $18 million $1.5 million $5 million