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SPRINGFIELD — Gov. J.B. Pritzker signed a new, $40.1 billion state budget bill into law Wednesday, along with bills to fund a long-range capital improvements plan and a bill that would establish a new, multi-bracket income tax structure in Illinois, provided voters approve a constitutional amendment allowing it in the 2020 elections.

SPRINGFIELD – The Illinois House closed out what was perhaps the most monumental legislative sessions in recent memory Saturday after passing the final pieces of a budget for the upcoming year and a $45 billion capital improvements program that will be partially funded by expanded gambling.

SPRINGFIELD – Gov. J.B. Pritzker is counting on a host of new revenue streams to fund the budget he proposed to the General Assembly. Those include higher taxes on cigarettes and other tobacco products, higher taxes on video gambling machines, a new plastic shopping bag tax, and a new assessment on managed care organizations that manage the state’s Medicaid program.