$53 Billion: Illinois Budget Impasse: What’s at Stake
New Taxes and Spending Measures: A Breakdown
According to justthenews, As the holiday weekend approaches, Illinois taxpayers are waiting for the state government to agree on a $53 billion budget for the next year. The House of Representatives stopped working on Saturday, but the speaker said they will return soon to finish the plan. The Senate, on the other hand, held a meeting on Sunday to talk about new taxes that will be needed to pay for the increased spending.
Some lawmakers, like State Sen. Chapin Rose, are unhappy with the plan. They think the government is spending too much money. Rose pointed out that since the governor took office, the state has spent $13 billion more than it used to. The plan also includes $1 billion to help non-citizen migrants, including healthcare and welcoming centers. To pay for this, the plan includes more than $1 billion in new taxes, including a tax on businesses and a tax on sports betting companies.
Will Illinois Meet the July 1 Budget Deadline?
The plan includes some other things too, like moving money around to different departments and giving the governor’s office more flexibility to make changes. The Senate passed the plan on Sunday, and the House is expected to return on Tuesday to finish it up and send it to the governor for approval. Even though some people are worried about the plan’s spending and taxes, lawmakers are working hard to get it done before July 1.