Governor Pritzker's Illinois budget proposal will offer relief on groceries, gas prices and property taxes.
Irvin announced his intentions two weeks ago but has yet to appear publicly with voters or answer questions from reporters. He issued a statement criticizing what he called Pritzker's"election-year gimmicks."
Pritzker's proposal, which he has labeled the Illinois Family Relief Plan, recognizes the state's speedy economic recovery, Pritzker's three balanced budgets, the billions of dollars in backlogged bills and other debt paid off, and improved credit ratings, according to Manar.- Suspend for one year the 1% sales tax on groceries. That would save consumers $360 million, Manar said. Local municipalities get that money, but the state would replace it.
The $135 million lost would not affect state construction in the coming fiscal year, and the newly minted federal infrastructure plan will funnel additional money to Illinois, Manar said.- Provide a property tax rebate up to $300. Every property owner can get an income tax credit of up to 5% of property taxes paid. Single filers earning less than $250,000, could see that credit doubled in the form of a state rebate. This would cost the state an estimated $475 million.
But it puts off dealing with billions of dollars of debt still facing a more fiscally disciplined Illinois. It was a major reason Pritzker pushed a constitutional amendment in 2020 to raise income taxes on the wealthiest residents, an unsuccessful campaign he said would spread the burden but which Irvin claimed Monday would grant lawmakers"unlimited" tax-raising power.
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