Some local lawmakers are awaiting more details regarding Governor J.B. Pritzker’s budget proposal. The governor proposed a nearly $39-billion dollar fiscal year 2020 budget on Wednesday (February 20, 2019) that he said will serve as a bridge to a ‘’stable fiscal future’’ for the financially shaky state until it can change its income tax system.
State Representative Mike Marron of Fithian says he has some concerns about the governor’s plan….
Senator Chapin Rose also wonders whether the governor’s numbers will work…
Representative Tom Bennett of Gibson City also found the governor’s budget address to be lacking some key details…
Representative Mike Marron is not ready to support the governor’s call for a progressive income tax….
Governor Pritzker outlined plans for $1.1 billion dollars in new revenue in his first budget address Wednesday in Springfield. The new revenue would come from a variety of increased taxes, including $94-million dollars from corporate taxes, $10-million dollars from taxing e-cigarettes, and $20-million dollars from a new 5-cent tax on plastic bags.
The budget proposal did not include new service taxes or an increase in the state’s income tax rates, although Governor Pritzker did repeat his call for changing the state’s flat income tax to a progressive structure that would have higher rates for those who earn more.
