Illinois Gov. Bruce Rauner today vetoed the state budget, sending it back to a Democratic-controlled legislature just six days before the end of the current fiscal year.
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“Instead of waking up and acknowledging that the state cannot continue to tax and spend its way out of this financial mess, House Speaker Michael Madigan’s budget would have been a continuation of the failed fiscal policies that have driven businesses and residents from Illinois. Gov. Rauner had no other choice than to veto this unsustainable budget.”
“Illinois has relied too long on budgets that use smoke and mirrors to mask the state’s financial problems. Gov. Rauner’s stance against House Speaker Michael Madigan’s bloated budget acknowledges the reality that legislators need to start from scratch and craft a budget that accepts the limits of the state’s tax revenue and makes the hard decisions that need to be made. This may mean cuts to programs which may be unpopular, but the state can no longer afford to keep its head stuck in the sand.”
“For too long the state has been generating a backlog of unpaid bills with a debt burden exceeding $100 billion. The remainder of the budget was unsustainable, and doubled down on failed policies that caused Democrats to lose the governor’s office. Rauner’s veto of the budget shows a commitment to bring Illinois back to prosperity by making the state’s tax climate competitive and compassionate.”
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