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House Republicans Demand Balanced Budget With No New Taxes

Last week, House Republican’s said the state can forgo tax and fee increases to balance the budget because state finances are in better shape than expected.  Thursday, with revised and confirmed revenue numbers in hand, members of the House Republican Caucus reiterated their belief that the Fiscal Year 2020 (FY20) budget can be balanced without any tax increases.

 

State Representative and Deputy Republican Leader Dan Brady (R-Bloomington) said while Governor Pritzker had earlier wanted to call for another pension holiday, today’s revenue figures show without any taxes increase, the state can pay for their pensions, in full, in FY20 and have a balanced budget.

 

 

Lawmakers have until May 31 to pass a budget. Under ex-Governor Bruce Rauner, Illinois did not make that deadline in three of his four years in office. 

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