This year's state budget allocates $400 million more than last year's, with $187 million earmarked to help Chicago and Cook County with sheltering and caring for migrants.
On Tuesday, the Illinois House is expected to take up a $53 billion budget proposal that passed the Senate on Sunday. The budget is anticipated to pass in the House as well, where Democrats hold a strong supermajority over Republicans.The budget includes $750 million in new tax revenue. Of this, $200 million will come from a graduated tax of up to 40% on sports gambling. Another $526 million is projected from capping the amount of net operating losses that businesses can write off.
"But just spending money isn't investing. When you invest, you measure results."Democrats emphasized that, despite the partisan vote, there was significant bipartisan collaboration in finalizing the budget package."This budget invests in our greatest infrastructure, which is our people...we are educating our young people," said State Sen. Elgie Sims .The House is scheduled to be in session on Tuesday, with a final vote expected just after midnight. State Rep.
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