Connect with us

Hi, what are you looking for?

OMD NewsOMD News

Finance

Governor Pritzker Approves $53.1 Billion Budget with Tax Increases and Business Measures, Signs Bills for Healthcare Access

(photo: Courthouse News Service)

Governor Pritzker approved a $53.1 billion budget with tax increases, signed bills for healthcare access.

Governor J.B. Pritzker Approves $53.1 Billion Budget with Tax Increases and Business Measures

Illinois Governor J.B. Pritzker has approved a record-breaking $53.1 billion budget, accompanied by a $750 million tax increase to cover expenses. This includes allowing schools to raise taxes and increasing state debt by $8 billion, according to the report of The Center Square.

Pritzker also signed a tax measure capping business credits and reevaluating retailer discounts. Critics worry about the impact on local businesses, but Pritzker defends the move, saying it’s about fairness.

There’s debate over a provision raising taxes on video gaming terminals. Pritzker remains firm, focusing on equitable tax distribution.

Despite concerns, Pritzker is optimistic about banning fees on tax transactions. The revenue package includes credits for hiring local journalists and supporting musicians.

READ ALSO: 3 Million Returns Delayed: Colorado Taxpayers Frustrated Due To IRS Refund Backlog, Long Wait Times, And Confusion – Check It Out!

(photo: The Pantagraph)

Governor J.B. Pritzker Signs Bills Expanding Healthcare Access and Raising Concerns Over Property Tax Transparency

Another bill signed increases state debt and lets school boards raise property taxes without a referendum, raising concerns about transparency.

Pritzker also signed a Medicaid bill allowing pharmacists to conduct tests for flu, HIV, and COVID-19 expanding healthcare access.

READ ALSO: $19M In Reparations: Evanston’s Racial Justice Program Faces Legal Challenge – Raising Questions On Constitutionality!

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Finance

There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...

Military

The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...

Finance

The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...

Finance

In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...