- Governor Pritzker will deliver 2021 spending plan on Wednesday
- Voters won’t weigh in on proposed income tax until November
Illinois Governor J.B. Pritzker will deliver his second budget address on Wednesday, when investors will be looking for specifics on how the Democrat plans to chip away at the government’s growing pension debt and raise new revenue for the lowest-rated U.S. state.
- The billionaire will lay out his spending plan for the year that starts July 1 at noon local time in the capital of Springfield.
- During the “State of the State” last month, Pritzker said he plans to focus on education, job training, infrastructure and what he calls a “fairer” tax system in his spending plan. He also wants to work with local governments to lower property taxes.
Bloomberg Markets
By Shruti Singh
February 19, 2020, 6:44 AM PST