House Bill 4076 would make the Invest In Kids Act permanent. The Invest in Kids Act provides a tax credit of 75 cents for every $1 donated to qualified scholarship granting institutions, up to a maximum of $1 million dollars. It’s currently set to expire in 2022.
Illinois Gov. J.B. Pritzker wanted to renege on the promised $350 million increase in education spending until state lawmakers pushed back. He still wants to cut the scholarship program low-income and minority students use when public education doesn’t fit them.
Gov. J.B. Pritzker said Illinois is close to starting the extra ‘bridge phase’ of mandates he added in March, but over a year into his COVID-19 restrictions it is another barricade to the state’s economy. States with fewer limits are seeing bigger declines in infections.
Revised figures show 2020 job losses were worse for Black Illinoisans than originally thought. The worst year of job losses in state history disproportionately affected minority Illinoisans.
Illinois’ weak economic foundations and fiscal mismanagement were preexisting conditions that caused it to suffer a deeper COVID-19 downturn. They will also hurt its recovery.