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Gov. Pritzker's budget proposal includes $1B in tax relief

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(WSIL) -- Governor JB Pritzker has laid out his budget proposal for the next fiscal year.Ěý

The governor made his address in-person this year after doing so virtually last year due to the pandemic.Ěý

This year's budget proposal includes a one-time relief for grocery, gas and property taxes. It also includes supplemental pension payment and adding funds to the state's "rainy day fund."

Family Relief Plan

  • $475 million in property tax rebates for families, with a one -time property tax rebate payment to homeowners of 5% of property taxes paid, up to $300 for those eligible for a state income tax creditĚý
  • $360 million by freezing the state’s tax on groceries
  • $135 million by freezing the planned increase in the gas tax

Fiscal investments

  • Additional $500 million directly to the Pension Stabilization Fund, reducing long-term liabilities by $1.8 billion
  • Adds nearly $900 million to the Rainy Day Fund over FY22 and FY23
  • Eliminates the $898 million owed for employee health insuranceĚý
  • Saves the state $2 billion

Education

  • $350 million increase for Evidence Based Funding for K-12 schoolsĚý
  • $96 million increase for transportation and special education Ěý
  • $54 million increase for Early Childhood Education Ěý
  • $300 million to grow childcare grants Ěý
  • Increase MAP funding to $600 million, a one year $122 million increase, increasing the max award to 50% of tuition at public universities and expands eligibility to students enrolled in short-term certificate programsĚý
  • Pays off the $230 million unfunded liability for College Illinois
  • Increases funding for minority teacher scholarshipsĚýĚýĚý

Healthcare

  • Waives licensing fees for nearly 470,000 frontline healthcare workers Ěý
  • $180 million to preserve and expand the healthcare workforce, through Medicaid providers - focusing on underserved and rural areas Ěý
  • $140 million to mental health care providers through rate enhancementsĚý
  • $70 million to 9-8-8 call centers and crisis response services for mental health issues Ěý
  • $25 million to expand the pipeline of nurses through the Illinois Community College BoardĚý

Small business

  • One-year waiver of retail liquor license fees for restaurants, bars, and liquor license holdersĚý
  • $38 million to Employer Training and Investment Program to assist with workforce and employee training effortsĚý
  • $5 million to develop minority entrepreneurship programs and support small, minority owned businessesĚý
  • $35 million in new capital appropriations to Rebuild Main Streets and Downtown Commercial Corridors

Public Safety and Violence Prevention

  • Over $800 million for violence prevention appropriationsĚýincluding appropriations for Reimagine Public Safety and R3 grants Ěý
  • 300 new state troopers Ěý
  • $50 million increase directly from cannabis revenues to support communities harmed by violence, excessive incarceration and economic disinvestment Ěý
  • $20 million to support Gang Crime Witness Protection Program Ěý
  • $20 million for non-profits for security investments to prepare for hate crimes Ěý
  • $5.4 million for increased staffing and equipment at new forensic lab in Decatur, after expanding state forensic capacity in Chicago and Joliet

Protections for most vulnerable population

  • $2 billion for services for people with developmental disabilities, including implementation of 2nd phase of Guidehouse recommendation
  • $250 million to hire additional DCFS staff, increase rates for private partners and create new residential capacity

Click here to review theĚýĚýand the complete FY23Ěý.ĚýĚý

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