Illinois Budget Deficit 2025 Report. The state must produce revenue for a $1.7 billion deficit — still large but better than what the governor’s office of management and budget in. His office has issued a report projecting a $3.2 billion deficit for the fiscal year that begins in july.

On wednesday, february 19, governor j.b. That’s due to base revenue growth in the state — and it’s about $1.5 billion more than the state predicted in a report in november.