June 11, 2020
SPRINGFIELD, Ill. — Gov. J.B. Pritzker signed into law Wednesday an Illinois budget heavily reliant on federal assistance because of revenue lost to COVID-19 restrictions on businesses and social interaction.
But even short of revenue, Democrats who control the General Assembly sent the Democratic governor a $42.9 billion spending plan, 7.5% larger than the current year’s outlay. It takes effect July 1.
The budget relies on billions of dollars that Illinois and other states hope come in the form of federal assistance to state balance sheets battered by COVID-19. It also authorizes borrowing up to $5 billion from a federal COVID-19 relief fund if grant funding isn’t forthcoming.