{"id":2260798,"date":"2024-06-05T19:04:01","date_gmt":"2024-06-05T23:04:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/illinois-gov-pritzker-boasts-of-growth-while-signing-new-budget-into-law\/"},"modified":"2024-06-05T19:09:47","modified_gmt":"2024-06-05T23:09:47","slug":"illinois-gov-pritzker-boasts-of-growth-while-signing-new-budget-into-law","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/illinois-gov-pritzker-boasts-of-growth-while-signing-new-budget-into-law\/","title":{"rendered":"Illinois Governor Pritzker celebrates growth while approving new budget"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fillinois-gov-pritzker-boasts-of-growth-while-signing-new-budget-into-law%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2260798&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Governor J.B. Pritzker of Illinois recently signed the state&#8217;s largest\u200b budget in history, totaling $53.1 billion. This budget, the sixth balanced one under his leadership, is 32% higher than the previous year&#8217;s.\u200c Notable allocations\u200c include $350 million for K-12 education, $100\u200d million for other school initiatives,\u2062 and $2.3 \u2063billion reserved in the state&#8217;s emergency fund. Additionally,\u2062 funds were\u2063 earmarked for migrant asylum-seeker services.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div>\n<p>Gov. J.B. Pritzker (D-IL) signed the largest state <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/budget\/\" target=\"_blank\" rel=\"noopener\" title>budget<\/a> in <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/illinois\/\" target=\"_blank\" rel=\"noopener\" title>Illinois<\/a> history on Wednesday.<\/p>\n<p>The $53.1 billion budget is the sixth balanced budget passed by the governor, but it is also 32% higher than his budget in 2019. <\/p>\n<p>The budget touts $350 million geared for K-12 education, in line with a 2017 education funding reform law, $100 million for other school programs, and $2.3 billion tucked away in the state\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ron-desantis-at-cpac-highlights-future-of-republican-party-moving-forward-dont-ever-back-down\/\" title=\"Ron DeSantis At CPAC Highlights Future Of Republican Party Moving Forward: \u2018Don\u2019t Ever Back Down\u2019\">rainy day fund<\/a>. Pritzker also earmarked $182 million for services for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/aoc-heckled-by-protesters-during-town-hall-in-new-york-city-over-immigration-and-debt-ceiling\/\" title=\"AOC faced hecklers at NYC town hall on immigration and debt ceiling.\">migrant asylum-seekers<\/a> and $440 million for healthcare care for noncitizens. <\/p>\n<p>\u201cWe are on a trajectory of sustainable long-term growth, and this balanced budget boosts us further in the right direction,\u201d Pritzker said at a Chicago news conference. \u201cWe achieved all this while <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/arizona-to-become-the-nations-gold-standard-for-school-choice-passing-universal-bill-for-one-million-students\/\" title=\"Arizona To Become The Nation\u2019s \u2018Gold Standard For School Choice,\u2019 Passing Universal Bill For One Million Students\u00a0\u00a0\">putting money back<\/a> in the pockets of everyday Illinoisans.\u201d<\/p>\n<p>From his own party, Pritzker garnered criticism that the budget was bloated. Democratic state Rep. Fred Crespo suggested a hiring freeze and across-the-board reductions to reduce the budget. <\/p>\n<p>\u201cAnd we came up with a billion dollars, and my understanding was that that wasn\u2019t considered either,\u201d Crespo said on the House floor last week.<\/p>\n<p>Under the new budget, Pritzker is raising taxes by $750 million, including $725 million in sports betting and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/some-question-why-video-gambling-tax-increase-should-benefit-chicago\/\" title=\"Exploring the Reasons Behind Chicago's Video Gambling Tax Hike\">video gambling<\/a> and also an increase in gas taxes.<\/p>\n<p>The budget raises $526 million by putting a cap on tax-deductible business losses at $500,000 and a $1,000 per month cap on the amount retail stores can keep for their expenses, which brings the state an additional $101 million, <a href=\"https:\/\/apnews.com\/article\/illinois-budget-taxes-spending-sports-betting-ffb716e72188d49586707f4ef28467c7#\" target=\"_blank\" rel=\"noopener\" title>per<\/a> the <em>Associated Press<\/em>.<\/p>\n<p>The budget will also gain $235 million from increases in sports betting and video gambling taxes. <\/p>\n<p><a href=\"http:\/\/washingtonexaminer.com\/\"><strong>CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/strong><\/a><\/p>\n<p>At the same time, Pritzker eliminated the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/transit-searches-for-ways-to-replace-billions-in-federal-emergency-money\/\" title=\"Transit seeks alternatives for replacing federal emergency funds worth billions\">1% sales tax<\/a> on groceries and created a child tax credit offering up to $300 for households with children under 12. <\/p>\n<p>\u201cYou\u2019re going to continue to see we are investing not just for today, not just ensuring that we have balanced budgets, ensuring that we are keeping the trains on time and keeping the lights on. But we\u2019re making investments for the future,\u201d House Speaker Pro Tempore Jehan Gordon-Booth, a Democrat who negotiated the budget, said.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Illinois Governor J.B. Pritzker (D) signed the record-breaking $53.1 billion state budget, marking the sixth balanced budget during his tenure. This budget, 32% higher than in 2019, allocates $350 million for K-12 education, aligning with the 2017 education funding reform<\/p>\n","protected":false},"author":2542,"featured_media":2260799,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/AP24157684148247.jpg.optimal.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2260798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/AP24157684148247.jpg.optimal.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2260798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2542"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2260798"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2260798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2260799"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2260798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2260798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2260798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}