Democratic Gov. J.B. Pritzker signed a $46 billion spending plan for the budget year that begins July 1, delivering $1.8 billion in largely temporary tax relief as he seeks a second term.
Democratic Gov. J.B. Pritzker on Tuesday signed a $46 billion spending plan for the state budget year that begins July 1, delivering $1.8 billion in largely temporary tax relief as he seeks a second term.
The spending plan, which was approved with only Democratic votes, includes a $1 billion deposit into the state’s rainy day fund and a projected year-end surplus of $444 million, according to the governor’s office. Together with a measure approved earlier this spring, the state will make an additional $500 million contribution to its severely underfunded pension plans, on top of a required contribution of $9.6 billion.
In what’s shaping up to be a heated election year, Pritzker’s celebration of the budget’s passage took on an overtly partisan tone after years of accusations from the GOP and its allies that Democrats have been responsible for the state’s long-running fiscal challenges. [Most read] Taking public transit? Here’s where masks are still required in Chicago, and where they’re not“On all of these things, the only members of the General Assembly who voted to kick the can down the road and to stick you and your children with the bill were the Republicans, who voted against it, who seem to prefer spelunking for misery over offering real solutions,” he said.
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