Illinois Gov. JB Pritzker and Democratic leaders in the state General Assembly have reached a deal to put money back in your pocket.
provides $18.3 billion in tax relief for working families.
The budget suspends the tax on groceries for one year, freezes the gasoline tax for six months, doubles the property tax rebate of up to $300 per household, and permanently expands the earned income tax credit. It also provides direct checks to working families – $50 per individual and $100 per child for up to three children per family. The income limits for these direct checks are $200,000 for individual filers and $400,000 for joint filers.Pritzker also touted that the budget provides $1.
The budget further invests more than $200 million in support for public safety measures, so police can prevent and solve crimes and strengthen investments in violence prevention programs, Pritzker's office said. "For the past three and a half years, my partners in the General Assembly and I have worked to right this state's fiscal ship and ensure state resources are responsibly directed to government's fundamental purpose: uplifting working families," Gov. Pritzker said in a news release."Today, leaders in both chambers have come to an agreement on yet another responsible, balanced budget that does just that. Our plan delivers more than $1.
The budget is practically a done deal, but still has to pass the full Democratic-controlled Illinois General Assembly.
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Democrats agree on election-year state budget with $1.8 billion in largely temporary tax reliefGov. J.B. Pritzker and the Democratic leaders of the Illinois legislature announced an agreement on an election-year state budget that would include more than $1.8 billion in largely temporary tax relief.
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Illinois House Democrats unveil $1.3 billion tax relief plan, $45.7 billion budget with 2 days to go in spring sessionIllinois House Democrats presented a $45.7 million budget and a plan for $1.3 billion in tax relief.
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Illinois House Democrats unveil $1.3 billion tax relief plan, $45.7 billion budget, but talks with Senate, Pritzker ongoingHewing closely to proposals from Gov. J.B. Pritzker, Illinois House Democrats on Wednesday made their opening public bid for a state budget and election-year tax relief.
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Illinois Democrats Lay Out Various Plans for Election Year Tax ReliefDemocrats, who control the General Assembly, and therefore the budget process in the House, Senate and governor’s office have each offered different proposals with various forms of tax breaks. They aim to have their differences reconciled before Friday’s end, when the spring session is scheduled to adjourn.
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Gov. Hochul says lawmakers have reached 'conceptual' agreement on $220 billion state budgetThere was progress in Albany on Thursday. Gov. Hochul announced that after a weeklong delay there is a 'conceptual' agreement on a new state budget. MKramerTV reports.
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