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COOK COUNTY RECORD

Saturday, November 2, 2024

Bryce Hill, Illinois Policy Institute News


Illinois forward 2024: A sustainable state budget plan

By Bryce Hill, Illinois Policy Institute |
Prior to the COVID-19 pandemic, Illinois’ financial health was the worst in the nation. An unprecedented influx of federal stimulus and bailouts, combined with stronger-than-expected rebounds in tax revenues, saved Illinois from financial ruin. If state lawmakers do not take advantage of this incredibly rare opportunity and pursue structural financial reforms, then state finances will return to their pre-pandemic status quo.