Gov. Pritzker’s reelection-year budget proposal this week will dangle the prospect of delivering relief on food, gasoline and property taxes to voters.
Democratic Gov. J.B. Pritzker’s reelection-year budget proposal on Wednesday will dangle the prospect of delivering relief on food, gasoline and property taxes to voters in a spending plan buoyed by an improved state financial outlook and federal coronavirus relief.
[Most read] With fewer office workers and some major retailers closed, what’s next for downtown Chicago?Pritzker’s nearly $1 billion tax relief proposal, which requires legislative approval and wouldn’t take effect until the state’s new budget year begins July 1, would suspend the 1% sales tax on grocery items, freeze the scheduled inflation-based increase to the gasoline tax, and offer homeowners a property tax rebate of up to $300.
“That has not been the easiest task over the past several fiscal years. But the governor remains committed to introducing, negotiating and passing balanced budgets that meet his priorities and priorities of the people of the state.”The task of stabilizing the state’s finances during the pandemic has been bolstered by multiple waves of federal relief money, but Wall Street ratings agencies have acknowledged the progress made during Pritzker’s term.
[Most read] Chicago Bears hire Green Bay Packers assistant Luke Getsy as their new offensive coordinator after naming Ian Cunningham as assistant GM“To me, the big issue that I’ll be listening for is the extent to which the federal money is being spent ... in sustainable ways, or is it promising things that once the federal money dries up we won’t be able to continue and will leave big holes,” he said.
“It’s a daily issue that people are waking up and reading about,” said state Rep. Tom Demmer, the House GOP’s budget point man and a candidate for state treasurer. “People are, themselves, or their loved ones, being directly impacted as victim of a crime.
“The totality of all of the proposals, including violence-prevention investments, all of that will be laid out on Wednesday,” Manar said.Republicans also have hammered Pritzker and the Democrats for not yet proposing a plan to deal with the state’s $4.5 billion outstanding debt to the federal unemployment insurance trust fund, largely racked up when unemployment surged during the early days of the pandemic.
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