The passage of the new state budget for FY 2024 includes an increase in funding to be invested in our communities. By agreeing to increase the LGDF rate from 6.16% to 6.47%, the General Assembly has taken a step towards restoring LGDF funds to communities and counties.
We express our full gratitude to Representative Anthony DeLuca, legislative budgeteer leaders, legislative leadership, Governor Pritzker, and the members of the Illinois General Assembly who supported the LGDF increase.
Local governments across Illinois, working together as the Invest in Communities Coalition, have called upon state lawmakers to return more of these locally generated revenues to our communities. We appreciate our legislators hearing our collective voices. We look forward to continuing this work to further increase in the investment in Illinois communities.