『Illinois Governor Pritzker Unveils Record 56 Billion Dollar 2027 Budget With Major Education and Housing Investments』のカバーアート

Illinois Governor Pritzker Unveils Record 56 Billion Dollar 2027 Budget With Major Education and Housing Investments

Illinois Governor Pritzker Unveils Record 56 Billion Dollar 2027 Budget With Major Education and Housing Investments

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概要

 Governor JB Pritzker proposed a record-setting 56 billion dollar budget for fiscal year 2027 this week, addressing a projected 2.2 billion dollar budget gap amid uncertainty over federal funding flowing into Illinois. According to the Illinois Policy Institute, the proposed budget is 879 million dollars higher than what the fiscal year 2026 budget is expected to spend. Despite fiscal pressures, the governor prioritized education and housing affordability as key components of his spending plan.

On education, Pritzker allocated 305 million dollars in spending increases for the Illinois State Board of Education through the Evidence Based Funding Formula, bringing total EBF funding to 9.2 billion dollars. According to the Illinois State News Bureau, Illinois State University will receive an 822,000 dollar increase, marking the fifth consecutive year of increased appropriations for all Illinois public higher education institutions. The budget also maintains the state's MAP appropriation at 721.6 million dollars, supporting approximately 7,000 undergraduate students at Illinois State.

Housing affordability emerged as another priority. According to Realtor dot com, Pritzker pitched statewide zoning reforms to legalize more housing types including duplexes, triplexes, and accessory dwelling units, while cutting parking mandates that drive up construction costs. Illinois faces a shortage of 227,000 housing units, with the governor noting that rent remains too high and homeownership too far out of reach.

On energy policy, Axios reports that Pritzker announced a two-year moratorium on tax incentives for new data center construction, citing concerns about energy consumption and affordability. However, the governor established a new executive order directing Illinois Power and the Commerce Commission to assess sites for new nuclear power plants, aiming to achieve at least 2 gigawatts of capacity by 2033 to serve approximately 2 million households.

The governor also grew the rainy day fund to nearly 2.5 billion dollars and created a BRIDGE Fund to cover short-term costs from unpredictable federal funding, according to the Illinois budget office.

Economic challenges persist. The Illinois Policy Institute reports that Amazon laid off 1,545 Illinois employees in January, marking over 2,000 total mass layoffs across the state. The publication notes Illinois dropped to 38th in a nationwide business tax climate ranking.

Politically, three Democratic candidates for Illinois US Senate debated policy positions Thursday night in Chicago. According to the Daily Illini, Lieutenant Governor Juliana Stratton, Representative Robin Kelly, and Representative Raja Krishnamoorthi addressed immigration policy, PAC funding, and economic issues ahead of the March 17 primary election, with Krishnamoorthi leading in recent polls at 34 percent.

The Illinois legislature will work to approve the proposed budget and address housing and energy initiatives in coming weeks.

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