SPRINGFIELD, Ill. (AP) — Illinois Gov. J.B. Pritzker is scheduled to unveil his first annual budget proposal amid an estimated $3.2 billion deficit.
The Democrat will address a joint session of the General Assembly on Wednesday with his plans for state spending in the fiscal year that begins July 1.READ MORE: Chicago Weather: Rounding Out The Warmest Weekend Of The Winter
His administration this month estimated that without action, the state could be in a $3 billion hole in the spring of 2020.READ MORE: MISSING: Khoshaba Dikyanos, 84, Last Seen In Lincoln Square
Pritzker campaigned on a progressive income tax and legalizing recreational marijuana . But the graduated income tax would have to be voted on and that couldn’t happen until 2020.
Legalized marijuana could produce up to $1 billion in new tax revenue. But legislation has yet to be proposed and it’s unclear how soon cannabis could be sold if the law is approved.MORE NEWS: Chicago Speed Cameras To Start Issuing $35 Tickets To Drivers Going 6 MPH Over The Limit On Monday
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