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DeKALB – Governor J.B. Pritzker announced Wednesday during his annual State of the State address that higher education funding is “fully protected” in the proposed fiscal year 2022 budget despite COVID-19 impacts. A pre-recorded speech of Pritzker’s State of the State and budget address aired Wednesday, where he proposed $41.6 billion in spending for the...
✓State Employee and Retiree Health Care Savings – the administration has negotiated over $900 million in health care cost savings. ✓ Estimated $650 million in collectively- bargained cost savings with employees through FY23. ✓ An additional $260 million in savings achieved through negotiated insurance rates and contract terms with providers. —- Behind the fancy savings language, I’m reading more delayed payments for health providers to state employees and retirees. Possibly higher co-pays or increased insurance payments by employees / retirees. And expectations of clawbacks in th...