SPRINGFIELD – After weeks of traveling the state touting a spending plan that failed to win bipartisan legislative support, Gov. JB Pritzker signed the Fiscal Year 2024 budget into law on June 7.
But State Sen. Jil Tracy (R-Quincy) said the record-high spending plan puts Illinois’ fiscal future in jeopardy.
“Budget data shows that Illinois’ spending has increased $11.1 billion since Governor Pritzker took office. In the last couple years, this kind of spending was only possible with the help of billions of federal tax dollars. But the fiscal picture has changed,” Tracy said. “Even as federal pandemic aid is ending, and an economic slowdown is looming, Democratic leaders continued their spending spree with the largest spending plan in Illinois history. By any financial measurement, such out-of-control spending is not sustainable.”