Illinois taxpayers are on the hook for over a billion dollars of tax and collection increases to fund a $55 billion budget, the most expensive spending plan in state history.
Before approving the plan, Democratic State Representative Robyn Gabel said the budget is compassionate and fiscally and socially responsible.
The package of bills weren’t completely filed until a few hours before the Saturday midnight deadline, despite the legislature being in spring session since January and getting the Governor’s budget proposal in February. Republican State Representative Amy Elik said what Democrats are doing is a disservice to taxpayers.
Among the tax increases are a 45% tax on tobacco and vaping products, increased taxes on sports wagering, and changes to corporate taxes. The next fiscal year begins July 1st.
Story from Illinois Radio Network
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