Illinois Passes $56 Billion Budget as Bears Deal Stalled

Watch on YouTube ↗  |  June 04, 2026 at 20:45  |  3:02  |  Bloomberg Markets

Summary

Illinois passed a record $56 billion budget for fiscal 2027, avoiding another impasse. The budget targets health-care and housing costs while preparing for federal funding cuts. Separately, the Chicago Bears stadium deal remained stalled as state lawmakers failed to pass conflicting bills.

  • Illinois passed a nearly $56 billion budget for the fiscal year starting July 1.
  • The budget aims to ease higher health-care and housing costs.
  • The state is bracing for potential federal funding cuts.
  • Governor JB Pritzker has passed budgets on time since taking office in 2019.
  • The budget was approved on the deadline overnight into Monday morning.
  • The Chicago Bears are still undecided on their next stadium location.
  • The Illinois House and Senate passed competing bills on the Bears stadium but did not reconcile them.
  • The Bears expect to decide on a site later this summer.
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