The Chicagoland Chamber of Commerce released the following statement on the passage of the FY27 budget:
“In the midst of economic uncertainty and threats to federal funding, we appreciate Governor Pritzker and the General Assembly’s continued focus on fiscal responsibility, passing a balanced budget, and maintaining the state’s long-term competitiveness and workforce. The governor’s broader efforts to encourage investment, innovation, and economic growth are the most effective way to address our fiscal challenges.
“However, we are disappointed policies like the digital advertising tax and social media tax were included in the budget. We must focus on policies that are sustainable, economically constructive, and legally sound. Instead, these regressive and legally questionable taxes will make it harder and more expensive for businesses to operate at a time when employers are already navigating inflation, tariffs, supply chain challenges, and broader economic uncertainty. While these taxes are framed as targeting large technology companies, the reality is that costs will ultimately be passed down to businesses across the state, especially small and mid-sized businesses that rely on digital tools to reach customers and compete in today’s economy.
“We remain committed to working with Governor Pritzker and the General Assembly on balanced, growth-oriented solutions that strengthen the state’s fiscal future while supporting the businesses, workers, and industries that drive Illinois’ economy forward,” said Jack Lavin, President and CEO of Chicagoland Chamber of Commerce.