SPRINGFIELD (WEEK) -- Governor JB Pritzker's office announced Tuesday there will be no income tax increases in the proposed fiscal year 2022 budget.
The state will still being dealing with a projected $3 billion deficit, but that's down from a previous projection of $5.5 billion, according to highlighted segments provided by Pritzker's office.
State spending will remain flat with FY 2021, which saw $700 million in reductions.
The proposed FY 2022 budget also aims to close corporate tax loopholes of $900 million.
"There is no question that this budget will include painful choices, but as the effect of the pandemic diminishes over the coming months, the Governor will continue to focus on economic recovery for the hardest hit. The Governor will also continue to advance long-term structural budget improvements that continue the stronger fiscal trajectory Illinois was on before the pandemic. The Governor looks forward to collaborating with the General Assembly to finalize a responsible state budget," a press release from Pritzker's office read.
Pritzker will also look to "strengthen" services such as the Illinois Department of Public Health, the Department of Child and Family Services and the Illinois Department of Employment Security, but the highlighted sections did not go into detail on how much money will be diverted to those agencies.