"Illinois Passes $53B Budget with Tax Credits and Grocery Tax Elimination"
TL;DR
Illinois' new state budget includes a more generous standard tax exemption for 2024, increasing from $2,425 to $2,775, which will save a family of four over $69. This change, costing $172 million, ties the exemption to inflation again after it was previously frozen. Gov. J.B. Pritzker supports the increase, which aims to provide tax relief for everyday families.
- Illinois residents can claim bigger state tax credit next year under new budget Chicago Sun-Times
- Editorial: Illinois' spending plan is divorced from its fiscal reality Illinois Policy
- Editorial: A balanced budget, but Springfield Dems spent too liberally Chicago Tribune
- $53 billion budget passes Illinois House but Chicago Bears come up empty FOX 32 Chicago
- Illinois grocery tax eliminated in newly passed budget. Here's what that means for you NBC Chicago
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