SPRINGFIELD, IL-Governor JB Pritzker is set to sign his eighth consecutive balanced budget for the state of Illinois on Tuesday.
The governor says Illinois is in its strongest financial position in decades, pointing to improved credit ratings, reduced pension liabilities and a replenished rainy-day fund.
“Our $8 billion overdue bill backlog has been paid. $12 billion of short-term debt has been eliminated. Our pension paid ratio is the highest it’s been in 17 years,” Pritzker says.
Some of the highlights of the nearly 56-billion-dollar spending plan include new taxes on prediction markets, cryptocurrency, and digital advertising revenue.
Comments