One rating agency says the budget proposed by Democrat Governor JB Pritzker is a very small step towards improving the fiscal situation in the state of Illinois. S and P Global Ratings says the way Pritzker lays out the budget with two spending plans: one based on a graduated income tax plan being approved by voters and the other without the tax changes -raises credit risks.
Pritzker focused on S and P praising the proposed budget for a lack of creative accounting.
The Governor’s proposed budget is just that, proposed. Lawmakers are slowing beginning the budget-making process at the statehouse.