MARCH 2024  3 
Illinois Chamber Responds to Governor Pritzker’s 
State of the State Budget Address
APRIL 10, 2024
9:30 AM - 1:00 PM  •  ABRAHAM LINCOLN HOTEL •  SPRINGFIELD
CHAMBER DAY
Save the Date
The Illinois Chamber of Commerce is aligned with the Governor’s goal of ex­
panding opportunities for the growth of businesses of all sizes and to continue the 
expansion of our state’s gross domestic product that has surpassed $1 trillion.
We are, however, disappointed by the Governor’s proposal to extend the cap on 
business net operating loss. The cap is nothing more than forced borrowing of 
funds from Illinois businesses to finance government.
	
We are also disappointed by the Governor’s proposal to reduce the sales tax re­
tailers’ discount. This is a stealth tax increase on our retail sector, who are managing 
increased operating expenses due to rising labor and raw materials forcing them to 
operate on already razor thin margins.
	
We appreciate the Governor’s unwavering support for education and we are 
aligned that investing in education is vital to building a brighter future for our com­
munities. We believe strongly that educational optionality should be the right of all 
our states students, especially those in underrepresented communities which saw 
significant cut backs due the expiration of the Invest in Kids Act.

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