illinois budget

Gov. J.B. Pritzker gave his budget address for Illinois Wednesday, proposing steady state spending and an end to nearly $1 billion in corporate tax breaks, but one thing was notably not included: an income tax hike. NBC 5’s Mary Ann Ahern reports.

Illinois Gov. J.B. Pritzker is set to deliver his annual state of the state and budget address virtually this year as Illinois enters what it hopes will be the beginning of the end of the coronavirus pandemic, despite the challenges that have come with vaccinations across the state and country.

Gov. J.B. Pritzker gave his budget address for Illinois Wednesday, proposing steady state spending and an end to nearly $1 billion in corporate tax breaks, but one thing was notably not included: an income tax hike.

Gov. J.B. Pritzker delivered his State of the State budget address for Illinois Wednesday, proposing no income tax increases but a reliance on federal relief from the COVD-19 pandemic, transfers from other funds and elimination of hundreds of millions of dollars of corporate tax breaks needing legislative approval.

U.S. Sen. Dick Durbin is touting the benefits of the pandemic and omnibus spending bill passed by Congress, but on Tuesday warned Illinois’ leaders not to count on federal help to balance the state’s budget.

Efforts to identify cuts that can be made to Illinois’ budget will continue despite the postponement of the General Assembly’s veto session, Gov. J.B. Pritzker said Wednesday.

As Illinois prepares to deal with the financial fallout from the coronavirus pandemic, Illinois Gov. J.B. Pritzker warned of budget cuts and a potential “nightmare scenario.” NBC 5’s Mary Ann Ahern reports.

Gov. J.B. Pritzker signed into law Wednesday an Illinois budget heavily reliant on federal assistance because of revenue lost to COVID-19 restrictions on businesses and social interaction.

The state of Illinois reported more than 650 new cases of coronavirus on Monday, the lowest single-day increase in cases since the end of March. Still Gov. J.B. Pritzker remains cautious about loosening some restrictions. NBC 5’s Mary Ann Ahern reports.

The Illinois legislature passed a $40 billion state budget early Sunday morning that relies heavily on federal funding. The Chicago Tribune reported the spending plan for the budget year that begins July 1. The budget passed both the House and Senate on largely party line votes. The coronavirus pandemic that prompted Gov. J.B. Pritzker to issue a statewide stay-at-home order left...

Despite an economy decimated by shutdowns due to the coronavirus pandemic, the Illinois House is poised to consider a $42.64 billion operating budget for next year, a 6.8% increase over current spending that is heavily reliant on federal assistance. The governor’s stay-at-home order aimed at slowing the spread of the coronavirus left shops closed and more than 1 million Illinois…

The inclusion of $35 million in funding for state port districts in Illinois Gov. J.B. Pritzker’s budget is “awesome” but more money will be needed to repair the Port of Chicago’s aging infrastructure, a port executive said.

Shortly after the Illinois House passed an income tax increase Sunday, Gov. Bruce Rauner announced plans to veto the bill, citing a lack of reforms that influenced his decision.

A spending plan and a measure to raise the state’s income tax passed the Illinois House on Sunday, a major development in ongoing negotiations in Springfield to end the historic budget impasse.

There are new developments in the budget showdown in Springfield, as lawmakers are set to vote on a $5 billion dollar tax increase in an effort to finally break the two-year budget stalemate. NBC 5’s Regina Waldroup has details.

A heated day at the statehouse floor is leading to a potential vote on a tax bill Sunday. NBC 5’s Chris Hush reports.

The fight over Illinois’ state budget has been directly felt by more than 1 million residents, from people with disabilities to seniors and college students. It also has exacerbated the state’s already pathetic financial situation.