4  ILLINOIS BUSINESS LEADER
FOCUS
The Illinois Chamber of Commerce appreciates Governor Pritzker’s FY27 Bud-
get Recommendation that seeks to address many of today’s economic chal-
lenges. We understand that balancing a budget requires making tough deci-
sions with limited resources. However, this budget proposal contains several 
concerning provisions that send the wrong signal to existing Illinois businesses 
and those seeking to locate here.   
	
The Chamber certainly shares the Governor’s desire to build more 
housing, spur nuclear energy development to lower the cost of energy for 
consumers, and invest in vocational training programs. Unfortunately, the 
Governor’s proposal also relies on policies that could have negative impacts on 
business development, cost of living, and overall tax burden on Illinois job-
creators. 
	
Today’s announcement that the State will be suspending the Data Center 
Investment Tax Credit, one of Illinois’ greatest economic development tools in 
recent history, risks accelerating the State’s negative economic outlook. Further, 
relying on flawed revenue and regulation proposals, such as the Net Operating 
Loss Deduction corporate tax change, the Social Media Platform Fee, the so-
called “junk” fee ban, and misguided policy targeting our robust insurance 
industry, sends the wrong message to Illinois employers and the workers 
and communities they support. 
	
The Illinois Chamber of Commerce remains committed to working with 
the General Assembly, Governor’s Office, and willing partners to advance 
innovative solutions that prioritize economic growth, affordability, and fiscal 
stability. 
Chamber Responds to Governor’s State of the State
The Illinois Chamber of
Commerce remains  
committed to working 
with the General  
Assembly, Governor’s  
Office, and willing  
partners to advance  
innovative solutions that 
prioritize economic  
growth, affordability,  
and fiscal stability.

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