Pritzker articles
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Pritzker hopes Chicago will spend more money on migrant crisis
(The Center Square) – Using taxpayer dollars, the state of Illinois and Cook County have made commitments to provide direct financial support to migrants who have arrived in Chicago from the open southern U.S. border. The city is considering an additional $70 million. In February, the Pritzker administration and Cook County announced direct funding commitments for the issue in the coming fiscal year that begins this summer. It was unclear how much, if any...
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Pritzker’s proposal to address worst underfunded state pensions in US dissected
(The Center Square) – Gov. J.B. Pritzker’s plan to address Illinois' pension woes was the subject of a House hearing Thursday. Pritzker is proposing the state increase its statutory funding ratio goal for its pension funds to 100% by fiscal year 2048. The current goal was established by former Gov. Jim Edgar and the Illinois General Assembly in 1994, which created a 50-year plan to get the state to a 90% funding ratio by 2045. The state, at a 44% funding ratio, is...
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Pritzker defends IL's tax credits while MO looks to slash corporate rate
(The Center Square) – While Illinois looks at tax credits for gifting endowments, student loans, hiring journalists and music companies, Missouri is looking at phasing out not just tax credits but also their corporate income tax. Not among the slew of tax credits the Illinois Senate is reviewing is the Invest in Kids school choice scholarship tax credit, which expired at the end of 2023. There’s been no public discussion about revisiting the program. Illinois...