Illinois' Top Democrats Agree To Budget That Cuts Taxes, But With Most Reductions Ending After Election
The Center Square – There’s an agreement on a state budget to spend the most taxpayer money in Illinois history, and the $45.6 billion plan includes temporary tax cuts, Democratic leaders said late Thursday. Republicans sought permanent tax relief. Gov. J.B. Pritzker, Senate President Don Harmon, D-Oak Park, and House Speaker Emanuel “Chris” Welch, D-Hillside, announced Thursday evening they will pass a $45.6 billion spending plan just in time for the Friday adjournment date. Pritzker said there will be tax relief in the form of an extension of the earned income tax credit, a property tax rebate of up to $300 per household, an income tax rebate, and a freeze of the 1% grocery tax. There’ll also be a freeze of the looming 2 to 3 cent gas tax increase that’s set to kick in on July 1. The grocery and gas tax cuts will be temporary. “On groceries, a full year,” Pritzker said. “On gas, again, six months up to Jan. 1, and then we’ll