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Pritzker Seeks Clarity on Use of Federal Funds for Debts

WBGZ Radio 5/14/2021 | By Greg Bishop - Illinois Radio Network How the state can use federal tax dollars to pay off debts incurred during the pandemic still isn’t clear, but the governor says he and other Illinois leaders are holding out for rule changes. This while industries point to better-than-expected revenues as a reason for the governor to drop his bid to slash or end tax incentives to capture nearly $1 billion more in revenue. Federal guidance released this week for how state and local governments can use $350 billion of federal tax funds says the money can’t be used for debt service.

Opposition building against raising excise taxes on liquor, beer and wine

Normal, IL, USA / www.cities929.com May 14, 2021 | 1:52 PM (The Center Square) – Opposition is growing to oppose raising excise taxes on liquor, wine and beer in Illinois. The Coalition to Rebuild Illinois’ Hospitality Industry is supporting a bipartisan resolution to stop any tax hike, saying it would have a ripple effect throughout the state’s economy, dealing yet another blow to the restaurant and hospitality industry already reeling from the COVID-19 pandemic. The coalition said the impact of the pandemic on the industry has been staggering. Illinois lost over 26,000 beer industry jobs and more than $1 billion in wages, and challenges facing the industry resulted in a $3 billion decrease in economic output statewide.

Pritzker seeks clarity on use of federal funds for debts as industries call to keep tax incentives in place

Normal, IL, USA / www.cities929.com May 12, 2021 | 4:52 PM (The Center Square) – How the state can use federal tax dollars to pay off debts incurred during the pandemic still isn’t clear, but the governor says he and other Illinois leaders are holding out for rule changes. This while industries point to better-than-expected revenues as a reason for the governor to drop his bid to slash or end tax incentives to capture nearly $1 billion more in revenue. Federal guidance released this week for how state and local governments can use $350 billion of federal tax funds says the money can’t be used for debt service.

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