6:15 AM
The Illinois state budget spending has increased according to a report made by the Illinois Policy Institute. A 2% increase means $34.2 billion in spending compared to $33.5 billion that's been originally reported.
Senate Democrats are requesting an additional $480 million in additional appropriations which translates to an additional $1 billion in spending! The formula for more debt is in place. Spending reduction demands need to be met so that Illinois businesses have a chance to grow.
Download the Illinois Policy Institute report here.
"The Illinois Policy Institute outlined a $27.6 billion budget plan that would have been sustainable without January’s tax increase. It included appropriate funding for core government services, and a full payment to the state’s pension funds and bondholders." - from the report
Senate Democrats are requesting an additional $480 million in additional appropriations which translates to an additional $1 billion in spending! The formula for more debt is in place. Spending reduction demands need to be met so that Illinois businesses have a chance to grow.
Download the Illinois Policy Institute report here.
"The Illinois Policy Institute outlined a $27.6 billion budget plan that would have been sustainable without January’s tax increase. It included appropriate funding for core government services, and a full payment to the state’s pension funds and bondholders." - from the report