Lightfoot said her expectation is the money will come through specific grants with specific requirements and won’t be a “slush fund” to be used however the city wants. At an unrelated news conference Wednesday, Chicago Mayor Lori Lightfoot laughed when asked about the aid and said, “Let’s get the money first.” Funding in more than 100 plans (nearly 10 of the. Roughly one-third of the direct aid to local governments, nearly $2 billion, is headed to the city of Chicago. The 1.9 trillion Covid relief bill offers 86 billion in grants to failing multi-employer pension plans, to help pay benefits for union workers. The package also includes another round of stimulus checks to taxpayers and an extension of additional unemployment benefits, measures that could provide an indirect boost to state and local government coffers through additional sales and income tax revenue. This bill provides additional relief to address the continued impact of COVID-19 (i.e., coronavirus disease 2019) on the economy, public health, state and local governments, individuals, and businesses. The Illinois Senate passed an amendment to the. Shown Here: Public Law No: 117-2 () American Rescue Plan Act of 2021. President Joe Biden speaks during an event with the CEOs of Johnson & Johnson and Merck on March 10, 2021, in Washington, D.C. 1:00 People in Illinois many not be able to cite religious or moral objections to COVID-19 vaccine or testing mandates for much longer. Illinois already has been allocated nearly $9.9 billion in more restricted federal aid through previous relief legislation, according to the governor’s office.Īside from the direct aid in the latest package, Illinois and local governments also are in line to receive billions of dollars in federal funding to assist with reopening schools, continue coronavirus vaccination and testing efforts, and help fund operations and payroll at CTA, Metra and Pace, among other purposes. That’s been the case in Illinois, where better-than-anticipated income and sales tax revenue, coupled with borrowing from the Fed, is expected to bring the current $43.4 billion budget into balance. GOP lawmakers characterized that part of the bill as a bailout for poorly managed cities and states and noted that tax revenues in most places rebounded much faster than expected after plunging last spring as the pandemic took hold. Democratic state officials in Illinois applauded the passage Wednesday of President Joe Biden’s 1.9 trillion federal relief package, which includes billions of dollars in aid to cash. Some businesses are calling it a COVID-19 surcharge - and its possible. The federal aid package was approved nearly along party lines in Congress, with Republicans objecting to direct aid to state and local governments, among other components. CHICAGO (WLS) - As different businesses begin to reopen across Illinois, customers could see an extra charge on their bill. Presented to lawmakers last month, Pritzker’s budget plan for next year did not account for any of the new federal money. A state law adopted in 2017 set a goal of increasing funding for schools by $350 million annually for 10 years, a bench mark also not met in this year’s budget. Lawmakers on both sides of the aisle have pushed back on Pritzker’s proposal to hold state funding for schools flat in his proposed $41.6 billion spending plan for the budget year that begins July 1.
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