The state of Illinois has a new budget. Democrat Governor JB Pritzker signed it Tuesday – ushering in $1.8 billion in tax cuts. The savings will show up as property tax rebates, pauses on grocery taxes and gas taxes and an expansion of the Earned Income Tax Credit.
Pritzker says another savings is coming to property taxpayers because of pension reforms passed by previous General Assemblies.
The budget spends $45.6 billion over the next fiscal year.