During the week, Senate Republican lawmakers continued to raise concerns about a component of Gov. J.B. Pritzker’s proposed Fiscal Year 2021 budget that puts K-12 funding at risk unless the Governor’s tax hike is approved.
Since the new school-funding formula was enacted in 2018, Illinois has increased school funding by at least $350 million every year – as required by state law. However, if Gov. Pritzker’s costly tax increase is not approved by voters this fall, the formula will be underfunded by $150 million.
Senate Republicans believe that lawmakers should be working toward a balanced budget that funds the state’s priorities, such as K-12 funding, without this priority being tied to a costly tax increase.