Democratic Gov. J.B. Pritzker warned Friday the state faces a ballooning budget deficit and bill backlog over the next five years and said new revenue sources are being explored because cuts alone cannot resolve Illinois government’s structural spending imbalance. Still smarting over the loss of his proposed graduated-rate income tax amendment and the revenue that would go with it, Pritzker restated expectations of a $3.9 billion deficit for the budget year that ends on June 30. A forecast from his budget office project deficits of $4.8 billion in the budget year that starts in July and continuing in the $4 billion range annually, including $4.2 billion for the 2026 budget year.
Hence then, the article about gov j b pritzker warns of widening illinois budget deficit over next five years without action says cuts alone won t be enough was published today ( ) and is available onChicago Tribune ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Gov. J.B. Pritzker warns of widening Illinois budget deficit over next five years without action, says cuts alone won’t be enough )