IL: Senate approves state budget with $750 million in tax hikes

Source: Chicago Tribune

“Illinois Senate Democrats on Sunday approved a $53.1 billion state spending plan, keeping much of fellow Democrat Gov. J.B. Pritzker’s original proposal in place but boosting expected spending by $400 million while also giving themselves, House representatives and many top state officials a 5% bump in pay. The Senate worked through most of Memorial Day weekend to resolve differences among the Democratic majorities in both legislative chambers before voting 38-21, largely along party lines, to approve a plan that includes some cuts to the governor’s proposal but is undergirded by almost $750 million in tax hikes.” (05/26/24)