Gov. JB Pritzker said he wants to reopen the economy as soon as possible and when it is medically safe to do so. However, with many economies in Midwestern states intertwined, the governor and his staff need to coordinate with their neighboring counterparts on how and when to do it.
Gov. Pritzker, along with governors across the country, have been facing pressure to lift restrictions and reopen economies.
But Pritzker warned that although there are encouraging signs in the state's fight against COVID-19, Illinois hasn't reached its peak.
"I want to remind you that we are not even at our peak yet," Pritzker said. "I want to remove the restrictions as much as anyone else (but) I'm going to do it based on science."
Pritzker said he's also particularly concerned that the rate of ascent for the virus in rural areas caught up to, and in some areas surpassed, the rate in urban areas.
Coronavirus in Illinois: Latest news on COVID-19 cases, Chicago area impact
With each day the governor's stay-at-home order continues, streets remain empty, and businesses shuttered.
"I want to get there as fast as anyone does," Gov. Pritzker said. "We want people to get back to work. We want people to get back to their lives."
WATCH: Gov. JB Pritzker talks about ways to reopen economy amid COVID-19 pandemic
The financial impact of the stay-at-home order has drastically cut sales tax revenues with so many restaurants and businesses closed, along with the loss of gambling revenue from casinos.
Coronavirus Illinois: Small businesses pivot in order to stay open
"Budget experts estimate that Illinois will have a $2.7 billion shortfall of revenues for this fiscal year and a $4.6 billion shortfall for next fiscal year," Gov. Pritzker said at his daily press conference Wednesday.
WATCH: Gov. JB Pritzker addresses COVID-19's financial impact on Illinois
Pritzker added that other states are facing similar budget shortfalls, regardless of political affiliation or how fast or slow the state's leadership moved to implement social distancing measures.
"This is a public health crisis, but it's accompanied by massive economic disruption that's unprecedented in modern history," Gov. Pritzker said.
Pritzker said they all agree about the need for more testing and the ability to trace and treat the virus as important considerations for lifting stay-at-home orders.
"Folks, this curve may not flatten, and it may go up again, if we don't adhere to the stay-at-home order," he cautioned.
WATCH: Gov. Pritzker, Mayor Lightfoot talk 'possibility' of extending stay-at-home order
While Gov. Pritzker said the stay-at-home order may need "adjustments" after April 30, Chicago Mayor Lori Lightfoot said she believes the order will be extended into May.
"I think that's gonna be difficult for us to say April 30, everything comes up," Lightfoot said. "I don't expect that to happen. I think that it will still extend beyond that."
However, Mayor Lightfoot and city health officials announced Wednesday that data suggests Chicago is succeeding in "flattening the curve" in its fight to stop the spread of the coronavirus.
The city's department of public health partnered with a healthcare technology company called BlueDot to obtain anonymous location data from thousands of apps on residents' mobile phones.
The data shows the city has seen a slowdown in the rate of new cases, with the number of cases doubling every twelve days currently, as opposed to doubling every two to three days one month ago.
"Thanks to our citywide efforts to stay home and socially isolate, we have made important progress in flattening the curve and stemming the spread of COVID-19 in Chicago," said Mayor Lightfoot. "However, as encouraging as these numbers are, the light at the end of the tunnel is only a pinprick and we will need continued diligence and social compliance before we can bend the curve and outrun this crisis. That's why it is imperative we continue to be safe and act responsibly, as it is truly a matter of life and death."
The technology works by looking at the location of the device between the hours of midnight and 9 a.m., then pinging the device's location every half hour to see how far it moves from home, Lightfoot said.
ZIP CODE TRACKER: Where is coronavirus in Illinois?
"This data is encouraging and shows that all of our efforts appear to be having the intended impact in helping to limit the spread of this virus," said Dr. Allison Arwady, CDPH Commissioner. "But I want to be clear: this also tells us that we need to be abiding by these restrictions more now than ever, because we haven't yet gotten to the other side of the curve, where the number of daily cases begins to fall day after day. We need to get to the other side of the curve to be able to move forward as a city."
Lightfoot said the city will continue to monitor data before recommending an end to the stay-at-home restrictions.
The metrics include tracking new cases and deaths, monitoring hospital capacity, increasing testing capacity, using new technology and tools as well as reinforcing social distancing, the mayor's office said.
Coronavirus testing: Where to get tested for COVID-19 in Illinois, Chicago area
Gov. Pritzker said he will also base his decision to lift or extend the stay-at-home order on information from health experts.
Pritzker said there is a growing consensus in hospitals and from experts that COVID-19 cases in Illinois are leveling off more than before. But he's not ready to announce any new decision on extending the stay-at-home order past April 30.
"You have to look at all the numbers, all trends and make a decision about whether or so for how long, under what conditions," Pritzker said.
Pritzker cautioned residents that even after April 30, life will not return to normal all at once.
"Unlike what some have said at the federal level, it isn't going to be that all of a sudden you're going to drop the stay-at-home and every other restriction," Gov. Pritzker said. "If you do that, you're going to see a big spike upward and once again, hospitalizations, ICU beds filled, vents filled and more death."
The governor said the key to moving on lies in the state's ability to test for COVID-19. It's currently about 6,000 people a day. The governor's goal is 10,000, with state labs now working around the clock seven days a week.
When asked if he would be extending Illinois' stay-at-home order, Gov. Pritzker said Thursday he expects to make a decision within the next week.
The Illinois Department of Public Health has created a hotline at 1-800-889-3931. More information can be found at the IDPH website and the Chicago Department of Public Health website