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New budget approved

The state of Illinois has a budget.

 

A marathon debate on the last day of session pushed through Friday night and ended early Saturday morning. Democrats are calling the $46.5 billion in state spending - balanced.

 

It includes about $1.8 billion in tax cuts, from pausing the state’s grocery tax for a year to doubling property tax rebates. Democrat Governor JB Pritzker says he’s proud of the budget, and it continues to put the state on the right fiscal path.

 

 

Republicans aren’t on board with the spending plan. They wanted more than $2 billion in tax cuts and wanted those cuts to be permanent. The budget bill now sits on the Governor’s desk and awaits his signature.

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