Nika Schoonover / Capitol News Illinois

Gov. JB Pritzker signed Senate Bill 208 into law Monday, ensuring at least 40 hours of paid leave for Illinois workers.

Even factoring in the possibility of a “mild recession” this year, the proposed budget Gov. JB Pritzker laid out on Wednesday includes nearly $50 billion in state spending, bolstered by projections of continued near record-high tax revenues.