Governor Gives Budget Speech, Renews Fight For Reform

Date: February 18, 2016 Last Edit: March 02, 2016

This week, Gov. Bruce Rauner gave his second budget address and renewed his call for structural reforms to benefit both the economy and government in order to bring Illinois back from the brink of fiscal insolvency.

Even though the governor and legislative leaders continue to wrangle over a budget for fiscal year 2016, the constitution requires the governor annually to give a budget address. For fiscal year 2017, Governor Rauner laid out two scenarios by which lawmakers could help him achieve a balanced budget. 

The governor’s first choice would require Democrat legislative leaders to work with him to pass some of his key economic and government reforms like workers’ compensation reform and legal reform. If these key reforms are passed, the governor said he would give the Democrats more revenue to fund their priorities.

If leaders continue with the stalemate and refuse to compromise, Governor Rauner said he will be forced to cut $3.5 billion from the budget in order to balance spending with income revenues. To do this, though, lawmakers would need to pass a bill giving him the authority. He reiterated he did not want to do this.

The governor pointed out that just passing a tax hike, without reforms and without challenging the status quo simply won’t work. He pointed to our recent 4-year case study, the last income tax hike, which was implemented without reforms and Illinois ended up in worse shape than before.

Click here to read State Director Kim Clarke Maisch’s statement to the media.

Related Content: Small Business News | Economy | Illinois

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