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Pritzker Announces $700 Million in Spending Reductions Amid $4 Billion Revenue Shortfall
Illinois Gov. J.B. Pritzker announced more than $700 million in spending reductions for fiscal year 2021 as the state looks to cope with the projected loss of nearly $4 billion in revenues due to the COVID-19 pandemic.
Pritzker says that a variety of strategies will be used to hit those reduction benchmarks, including a hiring freeze, reductions or freezes in grant money allocations, and operational savings.
The governor says that agencies who are working to cope with the ongoing coronavirus pandemic will not be impacted by the cuts.
“Cutting our budget will be, by its very nature, painful,” he said. “If anything, our schools and public safety and healthcare deserve more investments, not less.”