Illinois State Budget Fiscal Year 2025. Published february 21, 2025 at 12:24 pm cst. Governor jb pritzker will give his 6th illinois state budget address with government forecasters predicting both a major surplus and major deficit.

Illinois’ higher education is a perfect example. The state ended fiscal year 2025 with about $4.7 billion cash on hand, or about 9 percent of the allocated spending for fiscal year 2025, which began july 1.