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Wednesday, January 22, 2025

Illinois faces budget challenges; new energy projects considered

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State Representative Michael Coffey (IL) | Representative Michael J. Coffey, Jr. (R) 95th District

State Representative Michael Coffey (IL) | Representative Michael J. Coffey, Jr. (R) 95th District

Donald J. Trump was inaugurated as the 47th President of the United States, and Illinois officials expressed optimism about collaborating with his administration for mutual progress.

In state matters, Illinois House Republican Leader Tony McCombie announced her leadership team for the 104th General Assembly. McCombie stated, "My leadership team is built to provide a strategic advantage on how to achieve our shared objectives of creating a stronger Illinois without adding to the burdens on Illinois families." The team includes representatives from across Illinois, ensuring diverse regional representation within the House Republican Caucus.

On fiscal issues, concerns have been raised regarding Illinois' projected budget deficit for Fiscal Year 2026. Governor Pritzker's Office of Management and Budget anticipates a shortfall of $3.2 billion due to existing spending patterns and revenue forecasts. Although FY25 maintains a balanced budget through last-minute tax increases enacted in May 2024, experts warn that similar measures might be necessary for FY26. The constitutionally required balanced budget could face challenges unless new taxes or cuts are implemented.

In energy news, Constellation Energy is considering applying for permission to build a second nuclear reactor at its Clinton site. Currently housing only one reactor, this site has room for expansion which would increase its capacity significantly. With growing electricity demands anticipated in Illinois due to technological advancements, Constellation Energy is seeking support letters before approaching the U.S. Department of Energy for approval.

Finally, January marks Radon Action Month as declared by the American Lung Association. Radon gas poses health risks by seeping through soil into homes. The Illinois Emergency Management Agency and Office of Homeland Security has launched their annual awareness campaign encouraging residents to test their homes using licensed professionals listed by IEMA.

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