Press Release - Tuesday, April 19, 2022 Show CHICAGO - Building on three years of fiscally responsible leadership, Governor JB Pritzker signed the fiscal year 2023 budget into law, delivering his fourth balanced budget while providing $1.8 billion in tax relief to the working families of Illinois. The fiscal year 2023 budget provides historic funding for education, human services, law enforcement and violence prevention. It prioritizes fiscal responsibility, funding pensions at $500 million more than required, repaying the state's remaining outstanding debts, and putting $1 billion in the Budget Stabilization Fund, also known as the "rainy day" fund, for unforeseen emergencies. "The budget I'm signing into law today brings real improvements to the lives of working families and sets us up for a stronger fiscal future," said Governor JB Pritzker. "Investments in stronger schools, modernized airports and newly paved highways, hundreds of thousands of well-paying infrastructure jobs, and a better funded pension system... these are the kind of priorities we can invest in when our state is governed responsibly." "This budget reflects our administration's continued support for pathways of learning because we know access to education can change the trajectory of a student's life, families' lives, and their communities," said Lt. Governor Juliana Stratton. "We are building on our historic investments in education by increasing funding and support that will uplift young people from their earliest moments in school. From our nation-leading early childhood education efforts to funding MAP grants for nearly 25,000 additional students, we're aiming high and setting our sights on equitable, affordable education for all." "This budget continues us down the path of financial surety, invests in critical resources like public safety and human services, and helps ease the burden of inflation for families with $1.8 billion in tax relief," said House Speaker Emanuel "Chris" Welch (D-Westchester). "This is what financial responsibility looks like, and fiscal watchdogs agree. I'm proud of the work that went into this budget and grateful to see Governor Pritzker sign it into law today." "We are continuing our practice of responsible budgeting while helping those who need help the most," said Illinois Senate President Don Harmon (D-Oak Park). "Families are struggling, and I hope this budget provides them a bit of relief." "This two-year pandemic, plus the recent inflation, have combined to cause extreme financial pain for Illinois families," said Leader Greg Harris, (D-Chicago). "Our budget helps ease inflationary pain by cutting taxes on everyday needs like gas, groceries and school supplies; while also providing property tax relief, tax rebates and an expansion of the Earned Income Tax Credit. This new budget demonstrates our commitment to stepping up for the everyday people of this state." "For far too long, many Illinois communities have been left behind when it comes to health care, and our Medicaid providers have been stretched thin," said Leader Robyn Gabel (D-Evanston). "Healthcare is a human right, and this budget invests in the Healthcare Workforce Initiative so we make the system more inclusive and responsive to the medical needs of all Illinoisans." "When we support and uplift our immigrant communities, the entire state benefits. By including ITIN filers in the permanent expansion of the Earned Income Tax Credit and extending Medicaid benefits to undocumented individuals, Illinois is treating this population with the dignity and respect they deserve," said Leader Elizabeth Hernandez (D-Cicero). "This budget is a moral document that exemplifies Illinois' commitment to equity and relief for all residents." "This is one of the best budgets that we have seen in years," said Sen. Elgie R. Sims (D-Chicago). "As the Senate Appropriations Committee chairman, I set a mandate for our budget to solve the pressing economic problems facing low- and middle-income families. Because of our responsible fiscal approach, our state has generated the largest surplus in more than two decades and builds on the financial stability that we have seen over the past few years. In this budget plan, we were able to invest directly into families across Illinois by providing taxpayers major tax cuts and direct payments. Our plan sets us up for short- and long-term success and I remain committed to economically advancing the state of Illinois." "With inflation creating more economic challenges for hardworking families nationwide, Illinois has delivered a responsible budget plan to offer relief, make smart investments and provide economic stability," said Sen. Bill Cunningham (D-Chicago). "By putting money back in residents' pockets, our state is making an effort to support families with inflation-related burdens, create opportunity and set money aside for a rainy day." "This new law puts money back in the pockets of homeowners and families in the South Suburbs," said Sen. Michael E. Hastings (D-Frankfort). "We are slowly recovering from the most severe public health crisis that our state, country and the world has seen in the last century. It is crucial that we prioritize families by providing them with much needed and deserved relief to ensure Illinois' economy keeps growing." "Investing in education is investing in a brighter future for our state," said Rep. Will Davis (D-Homewood). This budget continues our investment in evidence-based K-12 education, and includes millions of dollars for early childhood, special, and higher education so that all young people in Illinois have the tools necessary to reach their full potential." "Given the pandemic and the impact of inflation, we know families are in desperate need of relief," said Rep. Mike Zalewski (D-Riverside). "After months of negotiations, today the governor is signing a budget that supports people and families that need help the most, and provides tax incentives to support Illinois businesses. This budget reaffirms our commitment to recovery for families and businesses across Illinois."
The State of Illinois' fiscal year 2023 budget plan for both operations and capital are contained in HB 900 (Appropriations), along with HB 4700 (the Budget Implementation bill), and SB 157 (the revenue omnibus bill). The fiscal year 2023 General Funds budget plan reflects projected revenues of $46.429 billion and expenditures of $45.986 billion, resulting in a $444 million surplus. The fiscal year 2023 budget also directs federal dollars received from the American Recovery Plan Act (ARPA) to aid businesses, healthcare providers and families, and invest in Illinois' communities. Highlights from the budget package include: Help for Illinois Families $1.83 BILLION IN TAX RELIEF FOR FAMILIES • Suspends the tax on groceries for one year - saving
consumers $400 million o $50 per individual
• Provides families with a "Back to School" sales tax holiday on clothing and school supplies for a week in August and doubles tax credit for teachers who buy classroom supplies - saving $50 million Responsible Fiscal Management Fiscally responsible choices over the last three years have resulted in historic progress toward financial stability in Illinois. The package of budget bills the Governor signs today: • Builds on the $4.1 billion payment of outstanding debts included in the recently passed P.A. 102-696 that will save taxpayers millions of dollars in interest payments. o This included using ARPA funds for a $2.7 billion repayment of federal advances to the Unemployment Insurance Trust Fund, reducing the potential tax burden on business and potential benefit reductions to labor. • Contributes $1 billion to the Budget Stabilization Fund (BSF) across FY2022 and FY2023 - the first deposits in 18 years. Also creates ongoing, permanent funding for BSF for the first time. Public Safety & Violence Prevention The fiscal year 2023 budget demonstrates the State's commitment to funding public safety and violence prevention initiatives with funding for: • Approximately $1 billion for violence prevention, youth employment, and diversion program appropriations, to deliver a multi-year investment in these programs that far exceeds previous levels. Includes appropriations for Reimagine Public Safety and R3 grants Investments in Education The fiscal year 2023 budget is designed to foster the success of young people throughout the state through investments in preK-12 and higher education budgets. Fiscal year 2023 funding reflects: • $350.2 million increase for Evidence-Based Funding
(EBF) for K-12 schools, to a total of $7.9 billion in EBF appropriations
The fiscal year 2023 budget reflects the State's commitment to supporting vital healthcare providers through the lingering challenges of the COVID-19 Pandemic, strengthens mental health services and the social service safety net. Healthcare • Provides $240
million in hospital tax relief through additional support to the Hospital Provider Fund Mental Health and Substance Use • Increases funding by approximately $230 million to mental health care and community-based substance use disorder treatment providers through rate enhancements o $8 million - Naloxone for distribution to first responders • Focuses on building up the Behavioral Health Workforce with the following investments o $6 million for the Workforce Center to strengthen Illinois' mental health workforce for the future Funding the Social Safety Net • Includes $94.8 million for the second-year implementation of recommendations from an outside study of state programs supporting the Intellectual/Developmental Disability community which recommended organizational changes and funding increases. Support for Businesses and Communities and the Environment The fiscal year 2023 budget uses a variety of tools to support communities and businesses of all sizes, as well as funds initiatives to protect the environment and grow the economy. Economic and Community Development • One-year waiver of retail liquor license fees to aid restaurants, bars, and liquor license holders Environmental Initiatives • Funds $18.5 million in electric vehicle consumer rebates at the Illinois Environmental Protection Agency
(IEPA) Capital Funding The fiscal year 2023 capital budget, included in HB 900, represents a continuation of the historic Rebuild Illinois program and other ongoing capital initiatives. Continued use of federal funds will expedite delivery of critical initiatives. Illinois anticipates receiving billions of dollars from the federal Infrastructure Investment and Jobs Act (IIJA) to invest in transportation, water, broadband, clean energy and more. • Provides continued utilization of $1 billion in ARPA funds to cash-fund critical water and sewer infrastructure projects and for statewide broadband, including Connect Illinois American Rescue Plan Act (ARPA) Appropriates the remaining $4 billion in federal American Rescue Plan Act funding, including the $2.7 billion deposited into the Unemployment Insurance Trust Fund (P.A. 102-696) and another $1.37 billion to a number of agencies in COVID-19 related response, including: • $320 million in state COVID-19 response operational appropriations for Illinois Emergency Management Agency ($200 million), Department of Corrections ($50 million), Department of Human Services ($50 million) and Department of Public Health ($20 million) o $225
million for Nursing Homes • $235 million (plus $5 million GRF) to support violence prevention grants through Reimagine Public Safety Act o $75 million for a hotel jobs recovery program Why must the budget in Texas be balanced quizlet?Why must the Texas legislature maintain a balanced budget? It is required by the Texas Constitution. Which is the single largest source of tax revenue for the state of Texas? Texas is known as a high tax state; because of this, it is a good place to do business.
What is one reason why the current Texas testing program Staar is controversial quizlet?What is one reason why the current Texas testing program (STAAR) is controversial? It is used for evaluating teachers and schools. Which of the following statements regarding the elite model of policymaking is true? It considers the public at large to be apathetic and uninformed.
Which media type is consumed at a higher rate than all the others in Texas quizlet?Which media type is consumed at a higher rate than all the others in Texas? Local T.V. What is one major problem with the increasing consumption of blogs, social media, and ideologically centered "news" sites?
What is the most significant source of Texas revenues quizlet?Primary source of state revenue is taxes paid by citizens.
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