Sen. Elgie Sims (D-Chicago) presents the state budget proposal Saturday night on the Illinois Senate floor. [Camryn Cutinello/The Daily Line]

The Illinois General Assembly approved a $55.2 billion budget Saturday night, supported in part by taxes on tobacco products, sports betting and corporations.  

The $55.2 billion in spending in Fiscal Year 2026 is supported by $55.3 billion in projected revenue.