Taxpayers commit $162 billion for Illinois in pandemic era | Granite City News

Taxpayers commit $162 billion for Illinois in pandemic era | Granite City News

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As part of the $6 trillion taxpayers are committed to in the era of COVID, approximately $162 billion is earmarked for Illinois governments and private businesses.

The federal spending is unprecedented, said Marc Goldwein, senior vice president at the Committee for a Responsible Federal Budget.

Actions in Congress and administrative moves by the Trump and Biden administrations mean $162 billion is targeted for Illinois. While all states get funds, Illinois was an outlier for borrowing from a new Federal Reserve program.

Illinois borrowed about $3 billion and plans to pay it down with the budget that begins Thursday.

You can look at specific spending using the CRFB’s website, COVIDMoneyTracker.org.

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