{"id":11144,"date":"2025-05-29T14:16:11","date_gmt":"2025-05-29T19:16:11","guid":{"rendered":"https:\/\/www.thexradio.com\/news\/?p=11144"},"modified":"2025-05-30T07:07:12","modified_gmt":"2025-05-30T12:07:12","slug":"11144","status":"publish","type":"post","link":"https:\/\/www.thexradio.com\/news\/local-news\/11144-11144\/","title":{"rendered":"Pritzker Puts Parameters on Budget He Will Sign Into Law"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-right\"><a href=\"javascript: window.print()\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_self\" ><img decoding=\"async\" src=\"https:\/\/www.thexradio.com\/news\/wp-content\/plugins\/pdf-print\/images\/print.png\" alt=\"image_print\" title=\"Print Content\" \/><span class=\"pdfprnt-button-title pdfprnt-button-print-title\">Print<\/span><\/a><\/div><p><span style=\"font-weight: 400;\">By BEN SZALINSKI<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">&amp; JERRY NOWICKI<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Capitol News Illinois<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><a href=\"mailto:news@capitolnewsillinois.com\"><span style=\"font-weight: 400;\">news@capitolnewsillinois.com<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">SPRINGFIELD \u2013 Gov. JB Pritzker said Wednesday he will not sign a budget that includes broad tax hikes to fund new spending as lawmakers are in the final hours of budget negotiations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cAnything that\u2019s broad-based and would have a negative impact on working families, I would veto a budget like that,\u201d Pritzker told reporters.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pritzker said he would specifically veto any budget that includes tax increases on individuals, corporations or the sales tax \u2013 the three largest sources of revenue in the state budget. Pritzker also ruled out a sales tax on services to provide new funding to the state.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Personal income tax growth in Illinois has remained strong, up 10% through for fiscal year 2025 as compared to the same point in fiscal year 2024, according to the legislature\u2019s <\/span><a href=\"https:\/\/cgfa.ilga.gov\/Upload\/0425%20Monthly.pdf\"><span style=\"font-weight: 400;\">Commission on Government Forecasting and Accountability<\/span><\/a><span style=\"font-weight: 400;\">. But sales taxes have been stagnant, and corporate income tax is down 8% for the year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While Pritzker ruled out \u201cbroad-based\u201d tax increases, it\u2019s not clear whether he\u2019d approve more targeted tax increases, particularly those that may not directly be paid by \u201cworking families.\u201d The governor pushed about $900 million of targeted tax changes on businesses and sportsbooks to balance the FY25 budget but proposed only a $100 million tax increase on electronic gambling and table games at casinos in his FY26 proposal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pritzker told reporters he also hasn\u2019t reviewed any possible revenue sources, including tax increases, to fund a budget gap for Chicago-area public transportation agencies. Pritzker added he also isn\u2019t pushing lawmakers to adopt any specific funding sources for it.<\/span><\/p>\n<p><b>Read more: <\/b><a href=\"https:\/\/capitolnewsillinois.com\/news\/state-budget-talks-enter-final-week-amid-fears-of-congressional-cuts\/\"><b>State budget talks enter final week amid fears of congressional cuts<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Illinois lawmakers are in the final days of negotiations over the fiscal year 2026 budget set to take effect on July 1. But growing uncertainty about revenue projections next year has left Democrats in a difficult spot as they seek funding for programs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pritzker proposed a $55.2 billion spending plan to state lawmakers in February, but revenue projections for FY26 have decreased to $54.9 billion, giving lawmakers even less room to increase spending without finding more money to pay for it.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Democrats have reviewed lists of possible tax hikes on specific transactions in closed-door meetings over the last week. It was still unclear as of Wednesday afternoon which, if any, tax increases would be included in the final budget proposal.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Democratic leaders have tempered expectations for their members.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe biggest thing that I\u2019ve said to the caucus pretty consistently since day one is that no one\u2019s going to get everything they want, that we have to have reasonable expectations, that we have to balance the budget,\u201d House Speaker Chris Welch, D-Hillside, <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=Tli2LwIGd9w\"><span style=\"font-weight: 400;\">told Capitol News Illinois in a recent interview<\/span><\/a><span style=\"font-weight: 400;\">. \u201cWe\u2019re going to spend what we bring in, no more.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Republicans have pledged to oppose a budget that includes any tax increases but aren\u2019t involved in detailed negotiations on the budget.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe legislature has a great track record of using this time, squandering time for many months, and using the waning hours of the legislative session to enact gigantic changes that have real-world consequences for taxpayers,\u201d Rep. Ryan Spain, R-Peoria, told reporters last week.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Business groups are also concerned about possible tax increases. Sixteen business groups that lobby state lawmakers signed a letter to senators on Tuesday asking them to oppose a digital advertising tax.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Such a tax \u2013 which hasn\u2019t been officially proposed as legislation \u2013 would impose new costs on businesses that advertise on digital platforms, such as social media sites.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWhile we understand the need to address the State\u2019s projected budget deficit, taxing digital advertising is a misguided approach that would ultimately harm Illinois\u2019 economy and disproportionately affect small and medium-sized enterprises (SMEs) that rely on cost-effective digital marketing to reach their customers,\u201d the letter said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The businesses warned that the tax would likely be challenged in court for violating the Commerce Clause of the U.S. Constitution. If a judge granted a preliminary injunction preventing the state from collecting revenue from the tax during a lengthy court battle, the state could be left with a hole in the budget.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cA digital ad tax might sound like it targets \u2018big tech,\u2019 but in practice, it\u2019s a regressive cost that squeezes the very businesses Illinois should be empowering. This policy would raise costs, reduce competitiveness, and stifle growth at a time when many businesses are dealing with economic uncertainty,\u201d the letter said.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-11145 additional-class\" src=\"https:\/\/www.thexradio.com\/news\/wp-content\/uploads\/2025\/05\/jim-edgar-5-28-25.jpg\" alt=\"\" width=\"1140\" height=\"760\" srcset=\"https:\/\/www.thexradio.com\/news\/wp-content\/uploads\/2025\/05\/jim-edgar-5-28-25.jpg 1140w, https:\/\/www.thexradio.com\/news\/wp-content\/uploads\/2025\/05\/jim-edgar-5-28-25-300x200.jpg 300w, https:\/\/www.thexradio.com\/news\/wp-content\/uploads\/2025\/05\/jim-edgar-5-28-25-1024x683.jpg 1024w, https:\/\/www.thexradio.com\/news\/wp-content\/uploads\/2025\/05\/jim-edgar-5-28-25-768x512.jpg 768w\" sizes=\"auto, (max-width: 1140px) 100vw, 1140px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Pritzker made his remarks at a ceremony dedicating the reading room in the Illinois State Library in honor of former Republican Gov. Jim Edgar, who is battling pancreatic cancer.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pritzker recounted his first meeting with Edgar after he was elected governor in 2018, just months after the state ended a costly two-year budget impasse between Republican Gov. Bruce Rauner and Democrats in the General Assembly.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cHe said one really important thing to me,\u201d Pritzker recalled. \u201cHe said: you really only have one critical job as governor of Illinois, and that&#8217;s pass a budget.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Edgar recalled his own budget struggles. He was secretary of state until 1991 when he served as a driving force behind the library building that sits across the street from the Illinois State Capitol. He\u2019d brokered the deal with Republican Gov. Jim Thompson.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But, Edgar said, when his team sat down to review the legislation enacting the public works program that year, funding for the library was initially absent.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ultimately, their staffers connected, and the funding was included.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cBut what I want to remind you \u2013 don&#8217;t think just because they told you a month ago, they&#8217;re going to do it,\u201d Edgar said. \u201cThey might forget. So, in the next four days, you better just check on the people who promised you they were going to do these things.\u201d\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/capitolnewsillinois.com\/\"><i><span style=\"font-weight: 400;\">Capitol News Illinois<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> is a nonprofit, nonpartisan news service that distributes state government coverage to hundreds of news outlets statewide. It is funded primarily by the Illinois Press Foundation and the Robert R. McCormick Foundation.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By BEN SZALINSKI &amp; JERRY NOWICKI Capitol News Illinois news@capitolnewsillinois.com SPRINGFIELD \u2013 Gov. JB Pritzker said Wednesday he will not sign a budget that includes broad tax hikes to fund [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":11148,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[19],"tags":[],"class_list":["post-11144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pritzker Puts Parameters on Budget He Will Sign Into Law - Effingham&#039;s News and Sports Leader, 979XFM and KJ Country 102.3<\/title>\n<meta name=\"description\" content=\"Effingham&#039;s News and Sports Leader\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thexradio.com\/news\/local-news\/11144-11144\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pritzker Puts Parameters on Budget He Will Sign Into Law - 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