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Pritzker directs agencies to limit spending in response to Trump’s economic policies
['Ben Szalinski', 'Ben Joined Cni In November As A Statehouse Reporter Covering The General Assembly Springfield', 'Other Events Happening Around State Government. He Previously Covered Illinois Government For The Daily Line Following Time In Mchenry County With The Northwest Herald. Ben Is Also A Graduate Of The University Of Illinois Springfield Par Program. He Is A Lifelong Illinois Resident', 'Is Originally Mundelein.', 'Capitol News Illinois', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar']
Capitol News Illinois
Article Summary JB Pritzker signed an executive order requiring state agencies to identify spending reductions and reserve 4% of their budgets as the state anticipates slowing revenue growth.
Illinois agencies must identify spending reductions and create reserves in their budgets to prepare for an economic downturn, according to an executive order issued Tuesday by Gov.
Some state agencies, such as the State Board of Education and the state’s pension systems, are not subject to the order to identify spending cuts.
“It’s a beginning of dealing with what we think could be a very severe challenge for the state budget this year,” Pritzker told reporters in Joliet.
The order said much of Illinois’ tax code is tied to the federal tax code and Illinois will see revenue decline because of these tax cuts at the federal level.
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