- Published: Thursday, May 25, 2023 11:21 PM
SPRINGFIELD – Illinois has seen four straight years of balanced budgets, paid down debt and received eight upgrades from credit rating agencies. Today, the Senate passed the Fiscal Year 2024 budget that prioritizes education, public safety, job creation and business development, and health and human services. Assistant Majority Leader Linda Holmes (D-Aurora) released the following statement in response to today’s action:
“This budget is balanced and responsible. We’re making the annual full pension payment, with an additional $200 million — the first time since the plan was enacted in 1994 that the state will provide contributions above what is required.
“The focus on fiscal strength continues: this budget would pay off COVID-related debt, pay off over $4 million of the Unemployment Insurance Trust Fund advance and put over $1.9 billion into the Rainy Day Fund.