Illinois Governor Pitches Little-Changed $49.6 Billion Budget
- Highlights plans to invest in early and higher education
- Spending plans comes amid forecasts for US recession
J.B. Prtizker
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Illinois Governor J.B. Pritzker proposes to keep spending little changed in the coming fiscal year, while continuing to fund early and higher education, as the state prepares to navigate an expected US recession.
The billionaire Democrat, who won reelection in November, is proposing a $49.6 billion general-fund budget for the year that starts July 1. While that’s down 0.7% from this year, the budget proposes to raise spending on education, economic development and health care. Meanwhile, a projected, non-adjusted general-fund surplus of $303 million compares to a $357 million surplus for the upcoming fiscal year that the Governor’s Office of Management and Budget had forecast in November.