Illinois will use $2.7 billion of the state’s remaining federal COVID relief funding to partially close a pandemic-driven, interest-incurring debt. AmandaVinicky explains:
The fund was not only exhausted, but unemployment claims left it with $4.5 billion in debt, an amount that’s incurring interest such that the state paid $10 million last year.
The statement then went on to say “we’re hopeful that negotiations will continue to resolve the remaining balance of this unprecedented deficit” – a politically delicate nod to the pressures ahead.“This action will lead to the largest tax increase on business in the state of Illinois in this state’s history.
Instead, money was poured into projects and one-time crime reduction programs, largely in areas represented by Democrats – choices Democrats stand by as solid investments. Democratic Gov. J.B. Pritzker, who is running for a second term, called Republicans’ comments pre-election partisan “talking points,” something he said “drives me crazy,” even as political wings of the Democratic party issued a series of press releases flush with talking points leveling criticism at Republicans.“Every dollar that we invest in the from outside the system spares a dollar tax increase or reduction in benefits, and we’ve invested $2.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Covid-19: Young people hit hardest by Covid pandemicNorthern Ireland's mental health champion gives an assessment of how restrictions affected children.
Read more »
Illinois Coronavirus Updates: Chicago Metrics, COVID Vaccines and Kids Under 5Here’s what you need to know about the coronavirus pandemic across Illinois today.
Read more »
Arizona Gov. Ducey says COVID-19 state of emergency is over: 'The state is wide open'Many states have started to let their COVID-19 emergency declarations expire over the last few months, and it appears you can add Arizona to that list.
Read more »
State superintendent talks combating learning loss after 2 years of COVID-19Students who started kindergarten in 2020 have now had over two years of disrupted learning.
Read more »
How K-12 enrollment has changed in every state during COVID-19HeyTutor investigated how K-12 enrollment has changed in every state and Washington D.C. during the COVID-19 pandemic, using data from the National Center for Education Statistics.
Read more »