Governor JB Pritzker is signing the new 40 billion dollar budget into law, saying it will get the state on better fiscal footing.
He says it includes more money for education, social services like mental health treatment, more college MAP grants and dollars to chip away at the state’s bill backlog.
The governor also signed the rate structure that would be put into place if voters say yes to a graduated income tax. Pritzker says only those make more than 250 thousand dollars a year would pay more.
He says this is the state’s first truly balanced budget in a long time, setting Illinois on the right path.