Tax hike threat looms as Illinois budget deadline nears – Illinois Policy

One of the clearest red flags in the budget process is the growing divide between Gov. JB Pritzker’s revenue assumptions and more cautious projections from the General Assembly’s Commission on Government Forecasting and Accountability (COGFA) and Pritzker’s own Governor’s Office of Management and Budget (GOMB). COGFA and GOMB estimates this month predict revenue will be $720 million to $900 million short of what Pritzker has forecast.