Quantcast

North Cook News

Friday, July 4, 2025

Pritzker: 'We should be talking about whether there are tax cuts that we can implement'

Gojbpritzker

Gov. J.B. Pritzker | Photo Courtesy of Gov. J.B. Pritzker Facebook

Gov. J.B. Pritzker | Photo Courtesy of Gov. J.B. Pritzker Facebook

Gov. J.B. Pritzker said during a recent press conference that tax cuts could be a possibility if state revenues continue to exceed expectations.

Pritzker’s pronouncement last week came days after the state legislature’s nonpartisan Commission on Government Forecasting and Accountability (COGFA) boosted its revenue projections by about $1 billion for the current budget year and future years, ABC7 Chicago reported.

"I would like to see – as we feel comfortable with these new revenues coming in and their stability; and I think we're seeing a few years in a row now of the stability of that revenue – that we should be talking about whether there are tax cuts that we can implement," Pritzker said during an unrelated news conference March 16, according to ABC7 Chicago.

According to the ABC7 Chicago report, Pritzker didn’t offer additional details, including whether the tax cuts would be permanent or which taxes he and state legislators might consider cutting.

Moreover, according to ABC7, Pritzker is mulling other possible uses for the extra revenue, and could also use the money to boost the state’s rainy day fund or make additional payments to the state’s pension system.

House Minority Leader Tony McCombie, R-Savanna, in a statement to Capitol News Illinois cited by ABC7, said Republicans in the House are ready to work across the aisle with the Democratic governor, and noted that the prospect of Pritzker considering a tax cut for Illinois families was a promising development. She also told the news outlet she is hopeful it could usher in the renewal of a bipartisan budget group.

Lawmakers last summer worked up a budget for the current fiscal year, and ABC7 also reported they included primarily temporary tax relief, including direct checks of $50 or more to most state taxpayers. Those payments varied depending on income and number of children, according to the report, with a permanent expansion of the earned income tax credit to 20% of the federal tax credit.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS