WBGZ Radio 5/11/2021 |
By Greg Bishop - Illinois Radio Network
Thanks to better than expected tax revenues, Gov. J.B. Pritzker said he now plans to fully fund the state’s Evidence-Based Funding law.
But, his plans to roll back some of the tax incentives for a school choice scholarship program continue despite the latest tax figures.
The Evidence-Based Funding law passed several years ago requires the state to increase funding for K-12 each year. In February, Pritzker prosed keeping that spending level. Thursday, he reversed course.
“Because our outlook has improved I have informed legislative leaders that I am now in a position to propose increasing evidence-based funding for schools by $350 million,” Pritzker said.
Normal, IL, USA / www.cities929.com
May 11, 2021 | 3:35 PM
(The Center Square) â Illinois collected more taxes than initially thought in the current fiscal year, according to a bipartisan commission.
Thereâs also an increase of more than three-quarters of a billion dollars for the coming fiscal year.
As lawmakers craft the budget for the coming fiscal year, theyâre getting revised estimates from the bipartisan, bicameral Commission on Government Forecasting and Accountability.
A May 2021 report from COGFA obtained by The Center Square shows the state is actually bringing in $45.6 billion in the current fiscal year that ends June 30. Thatâs more than $2 billion more than the previous projections released in March.
Illinois House Democrats speak at a news conference at the Illinois State Capitol Thursday. House Democratic Majority Leader Greg Harris, left, gave an update on budget negotiations as Gov. JB Pritzker spoke at a separate news conference in Chicago, giving his support to increasing K-12 education funding by $350 million this year. Grace Barbic / Capitol News Illinois
Originally published on May 7, 2021 2:25 pm
Citing an “improved” economic outlook, Gov. JB Pritzker announced Thursday his support to increase evidence-based education funding in the state by $350 million in fiscal year 2022 which begins July 1.
In his February budget proposal, Pritzker originally proposed flat spending for education, citing “financial uncertainty” amid the COVID-19 pandemic.
Better-than-expected state revenue pays off for school funding
Greg Bishop The Center Square
May 10, 2021
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Thanks to better than expected tax revenues, Gov. J.B. Pritzker said he now plans to fully fund the state’s Evidence-Based Funding law.
But his plans to roll back some of the tax incentives for a school choice scholarship program continue despite the latest tax figures.
The Evidence-Based Funding law passed several years ago requires the state to increase funding for kindergarten through high school each year. In February, Pritzker proposed keeping that spending level. Now, he has reversed course.
“Because our outlook has improved I have informed legislative leaders that I am now in a position to propose increasing evidence-based funding for schools by $350 million,” Pritzker said.
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