Illinois Governor JB Pritzker recently signed a state budget totaling $53 billion, which includes a tax hike on sportsbooks and businesses. The new budget aims to address the economic challenges brought on by the COVID-19 pandemic and ensure that essential services continue to be funded.
One of the key measures included in the budget is a tax increase on sportsbooks and businesses. This move is seen as a way to generate additional revenue for the state and help offset the financial strain caused by the ongoing health crisis. Governor Pritzker believes that this tax hike is necessary to support essential services and programs that benefit Illinois residents.
The state budget also includes funding for various programs and services, such as education, healthcare, and infrastructure. Governor Pritzker has emphasized the importance of investing in these areas to promote economic growth and improve the quality of life for all residents of Illinois.
Overall, the signing of the $53 billion state budget represents a significant step towards addressing the financial challenges facing the state. Governor Pritzker has expressed confidence that the budget will help Illinois recover from the impact of the pandemic and set the stage for future growth and prosperity.
The tax hike on sportsbooks and businesses is expected to generate additional revenue for the state and support essential services. As Illinois continues to navigate the uncertain economic landscape, Governor Pritzker remains committed to finding innovative solutions to ensure that the state remains strong and resilient in the face of challenges.
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