Gov. J.B. Pritzker unveiled a $52.7 billion election-year spending plan built on more than $800 million in tax increases that would largely fall on businesses, from large corporations to state-regu…
Gov. J.B. Pritzker greets state Rep. Anthony DeLuca as he arrives to deliver his State of the State and budget address before the General Assembly at the Illinois Capitol building on Feb. 21, 2024.
State Rep. Sue Rezin talks to reporters after Gov. J.B. Pritzker delivered his State of the State and budget address, Feb. 21, 2024. Gov. J.B. Pritzker concludes his State of the State and budget address before the General Assembly in Springfield, Feb. 21, 2024. SPRINGFIELD — Gov. J.B. Pritzker on Wednesday unveiled a $52.7 billion election-year budget the second-term Democrat said required making “some hard choices” despite proposed additional spending in several areas, from early childhood education to Chicago’s ongoing migrant crisis.
“There should never be an instance where an insurance company employee can deny coverage for something as serious as open heart surgery,” Pritzker said. Gov. J.B. Pritzker begins his State of the State and budget address at the Illinois Capitol building on Feb. 21, 2024. The governor also proposes extending a cap on losses large corporations can write off on their state income taxes, which he estimates would generate another $526 million in annual revenue. The current annual cap of $100,000 is set to expire Dec. 31, but Pritzker proposes allowing it to continue while raising the limit to $500,000.
Overall, Pritzker’s proposal for the fiscal year that begins July 1 would raise spending from the state’s general fund by $2.3 billion over the budget lawmakers approved last May, a 4.6% increase. During a post-City Council news conference Wednesday after the governor’s speech, Johnson again would not say whether the city had identified how to pay for its share.
He lashed out at congressional Republicans for recently rejecting compromise border-security legislation backed by Biden, Senate Democrats and negotiated with Republican leaders in the U.S. Senate. State Rep. Sue Rezin talks to reporters after Gov. J.B. Pritzker delivered his State of the State and budget address on Feb. 21, 2024.
The early childhood investments also include $13 million for Pritzker’s push to roll all early childhood services into a new state agency, the Department of Early Childhood. Advocates have argued that larger annual increases are necessary for the state to meet its goal of providing adequate resources for public schools under a 2017 rewrite of the state’s education funding formula.
The Home Illinois program is administered by the Department of Human Services, and the Pritzker administration said the budget proposal includes “record funding” for human services programs and “support for our social safety network.” The governor’s budget proposal also would provide an additional $76.2 million for the embattled Department of Children and Family Services under its new director, Heidi Mueller. The plan would include funding for 392 additional workers to support DCFS caseloads and a one-time investment of $100 million for capital grants that would help increase the capacity for youth placement “in the most clinically appropriate settings,” according to the governor’s office.
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