An in-depth look at the new Illinois state budget

Today on the 21st, we'll take a look at the new state budget. We are joined by Ralph Martire from the Center for Tax and Budget Accountability and David Merriman, a professor in the Department of Public Administration at the University of Illinois at Chicago.

First, we'll give a broad overview of the key parts of the new state budget that Pritzker signed into law and how it's different from previous budgets. The budget includes nearly $750 million in tax hikes. We'll learn about what these tax increases entail and their intended effect on state revenue and services.

Next, we'll discuss why Illinois' does not have a service tax and how this affects the state's fiscal health.

Then, we'll look ahead at what key challenges Illinois might face in ensuring its long-term fiscal health. 

GUESTS:

Ralph Martire

Executive director, Center for Tax and Budget Accountability (CTBA)

David Merriman

James J. Stukel Presidential Professor in the College of Urban Planning and Public Affairs at the University of Illinois at Chicago

Co-lead, Fiscal and Economic Policy Working Group, Institute of Government and Public Affairs