* Dan Petrella at the Tribune…
Gov. J.B. Pritzker on Wednesday will propose rolling back several tax policies he agreed to in 2019 to win Republican support for his infrastructure plan and budget in his first year in office, according to sources familiar with the plan.
The proposed tax policy changes, aimed at closing what Pritzker describes as $932 million in “corporate tax loopholes,” include: […]
The tax policies Pritzker is targeting were part of an eleventh-hour deal he struck with House Republican leader Jim Durkin of Western Springs in 2019 to help deliver major legislative wins for the rookie Democratic governor.
More recently, Pritzker has blamed Republicans and their allies in the business community for helping defeat his preferred budget solution — a graduate-rate income tax — at the ballot box in November.
Click here for the list. The House Republicans are not happy campers, of course.
In a preview of Governor J.B. Pritzker’s third budget address on Wednesday, Comptroller Susana Mendoza (D-Illinois) warned state lawmakers against a temptation to redirect any federal Coronavirus relief funds towards pet projects.
“I do not want the legislators, or anyone else for that matter, to get excited about any new federal stimulus dollars coming in,” Mendoza said Tuesday afternoon. “Because honestly, it’s not going to be like Christmas morning. There is not going to be a new Lexus in the state’s driveway with the big red bow.”
Mendoza said any federal relief funding, which President Joe Biden’s administration has floated in his American Rescue Plan, would effectively help the state prevent “our family pickup truck from being repossessed,” she said. “That’s how people should see this. Those dollars are spoken for.”
“We have to learn to live within our means,” she said. “We cannot count on future revenues from federal stimulus towards this budget.”
Plenty more at the link, so read the rest.
* Daily Herald…
State Rep. Fred Crespo, a Hoffman Estates Democrat and the chair of the House Appropriations Committee, said Pritzker’s expected education funding plan will be a “big issue of contention” if it doesn’t pay for the state’s evidence-based education model. Pritzker last week said he is confident that “significant federal funding for education will provide additional support for schools while the state maintains its existing investment.”
The evidence-based model of education funding approved by lawmakers in 2017 promised to inject $350 million of new money into education every year. However, that did not happen in 2020, and Pritzker’s initial overview made no mention of the $350 million this year.
“(Pritzker is) feeling federal dollars can be used to offset $350 million, but it doesn’t work that way,” Crespo said.
State Rep. Terra Costa-Howard, a Glen Ellyn Democrat and a member of the House K-12 appropriations committee, said the state’s education system cannot afford to miss the $350 million payment again.
Again, there’s more, so go read the rest.
* You can watch the address at noon by clicking here, here or here.