Illinois lawmakers near $56B budget deal using gas tax windfall and election-year tax breaks
By
Dan Petrella, Olivia Olander
Fresh out the oven, still warm. Top of the tray.
Summary
Illinois lawmakers and Gov. JB Pritzker are working to finalize a nearly $56 billion election-year state budget that relies partly on a windfall of sales tax revenue from soaring gas prices. Democrats are framing the budget around affordability and blaming Republicans and President Trump for rising costs. The plan includes diverting $150 million from gas sales tax revenue that would normally go to mass transit to fund state operations and avoid cuts.
Key quotes
· 3 pulledIllinois lawmakers and Gov. JB Pritzker were working through the weekend ahead of a Sunday deadline to finalize a nearly $56 billion election-year state spending plan
Pritzker and fellow Democrats are building their November general election campaigns around the issue of affordability
Democrats' plan calls for diverting $150 million of gas sales tax windfall — money that otherwise would flow to mass transit — to help fund day-to-day state operations and stave off cuts.
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