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Illinois Signs Historic $56B Budget
Description
Illinois just approved its largest budget ever—$56 billion—to fund education, fight food insecurity, and tackle new revenue streams without raising taxes. The state’s new plan includes progressive taxes on social media giants, digital assets, fantasy sports, and remote tobacco sellers, while postponing the gas tax hike. It also funds healthcare for undocumented seniors and immigrant welcome centers, balancing urgent needs with economic strategy.
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