The Illinois 2016 Budget is a comprehensive spending plan adopted by the state legislature that outlines the state’s fiscal priorities for the fiscal year 2016. It consists of five main components: General Funds, Public Education, Human Services, Debt Service, and Other Funds. The General Funds are allocated for the day-to-day operations of the state government, including public safety, health care, and other services. Public Education funds are used to support public schools, universities, and libraries. Human Services funds are allocated to support programs for individuals and families in need, including public assistance and health care. Debt Service funds are used to make payments on the state’s existing debt. Finally, Other Funds are allocated to cover various types of capital projects and special purposes. The total proposed spending for fiscal year 2016 is approximately $38 billion, with the majority of the funds coming from the General Revenue Fund ($32.8 billion) and the Education Assistance Fund ($3.9 billion).
Illinois 2016 Budget
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