Illinois Budget Deficit 2024. Documents released by his budget office show illinois would end. In total, current projections show illinois will rack up a cumulative budget deficit of $2.3 billion during those four years, absent reform.

By 4:43 a.m., more than four hours after legislators began taking up the budget, the house approved the $53.1 billion budget that relies on $1.1 billion in revenue from several changes to the state’s tax code. Without serious structural reform, illinois.