Local lawmakers reacted after a $55.2 billion budget for next fiscal year for the State of Illinois.
CARTERVILLE, Ill. (WSIL)-- In Illinois news, reaction continues today as state lawmakers pass next year's fiscal budget over the weekend.
The 2026 budget is at $55.2 billion. As Democrats applaud the bill, Republicans are denouncing it.Â
The plan boosts spending by nearly 4%. It does so with new taxes on gambling, vaping, and businesses.
Here is a breakdown of the new taxes.
For sports betting, companies will be charged 25 cents for each bet up to the first 20,000 they take. After that, each wager is taxed at 50 cents.
Taxes on tobacco products will rise to 45%. That includes vape products and nicotine pouches.
The revenue plan amends state law to tax sales from all businesses that transact in the state, rather than only businesses with a physical presence in Illinois.
Our team spoke with Rep. Patrick Windhorst, R-Metropolis, about how the new fiscal budget will impact Southern Illinois residents.
"There are a lot of different projects that are in the bill. Unfortunately, those are directed toward democratic districts,� Rep. Windhorst says. “We have not seen that same effort be applied to Republican-held districts. So unfortunately in southernmost Illinois, we're not going to see those projects as much as they're in other parts of the state. So we've argued on our side that the budget process needs to be fairer, more transparent, and open. This was negotiated behind closed doors away from Republicans.�
Our team also spoke with Sen. Rachel Ventura, D-Joliet, on the impact this could have.
“This budget does not have everything we need. It does not have a digital tax or digital ad tax on those corporations. It does not continue to tax the rich, but it does have some good things,� Sen. Ventura says. “It closes the loopholes on corporations. It applies a few other taxes to the rich, and it provides the services that Illinois needs $55 billion going into the services that help protect our families, our communities, education, pensions, and especially healthcare.�
Other local lawmakers in our area have spoken out against the new budget. In a press conference on Sunday. Illinois Governor J.D. Pritzker said he’ll sign the new budget.Â