Pritzker Proposes $56 Billion Budget Amid Federal Cut Risks (1)

Illinois Governor JB Pritzker proposed an approximately $56 billion budget for the coming year as the state faces higher costs and more uncertainty around federal funding under President Donald Trump.

Pritzker on Wednesday laid out a revenue proposal that spends about 1.6% more than the current year and counts on rising individual income tax collections and a proposed new fee on social media tech companies to help cover increasing costs for items including pensions, public safety and education.

The Democrat warned about potential funding cuts by the federal government, which he has underscored since Trump came back to the ...