Home Illinois Pritzker proposes ‘austere budget’ with more taxes, spending, borrowing

Pritzker proposes ‘austere budget’ with more taxes, spending, borrowing

0
121

Pritzker proposes ‘austere budget’ with more taxes, spending, borrowing

Illinois Gov. J.B. Pritzker’s first state budget calls for spending more on schools, colleges and universities and social services.

To pay for it, he wants to eventually increase taxes on top earners, quickly legalize recreational marijuana and tax insurance companies called managed care organizations that work with Medicaid patients. His plan also would institute a number of other taxes to generate revenue.

The state’s new governor started his budget presentation to lawmakers by going back to the Great Depression. He said Illinois had the same problems then as the state does now.