Gov. 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.
SPRINGFIELD — Gov. J.B. Pritzker and the Democratic leaders of the Illinois legislature announced an agreement Thursday on an election-year state budget that would include more than $1.8 billion in largely temporary tax relief while paying down $1.2 billion in debt.
“Over the last few weeks, especially over the last 48 hours, we have engaged in a true give-and-take, which led to genuine compromise,” Pritzker said. “It honestly felt that we all came into this process committed to a fiscally responsible spending plan that improves our state’s finances and helps people in an hour of genuine need.”
The relief plan the Democrats say they have agreed upon, which critics have dismissed as gimmickry aimed at winning votes in a tough campaign season, would suspend an inflation-based increase in the gas tax — estimated at 2.2 cents per gallon — for six months, freeze the 1% state sales tax on groceries for a year, and send property tax rebate checks of up to $300 to homeowners — all ideas Pritzker proposed in his February budget address.
The final major piece of the proposal is a permanent increase of the state earned income tax credit, which lowers tax bills and often produces refunds for low- and moderate-income workers.
With one day remaining in the scheduled session, Democrats still are trying to cobble together crime package that satisfies both their progressive and moderate members.
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