State Representative Dan Brady today said he is disappointed that Governor Pritzker’s proposed Fiscal Year 2022 State budget plan again relies on new revenues that may not materialize.
“Despite shuttered businesses and growing unemployment lines due to COVID, the majority party last spring pushed through a budget that totaled $5 billion more than we were expected to bring in in revenue, and said voters would simply have to approve their progressive tax increase in November to pay for it. We know how that plan worked out, but a year later, here we go again,” Rep. Brady said.
Governor Pritzker today introduced a $41.588 billion proposed spending plan that relies on $41.708 billion in state revenues, including roughly $1.5 billion in additional revenues that are currently not provided for under state law. Additionally, the Governor’s budget proposal contains nearly $1 billion in new taxes on job creators across Illinois he plans to achieve by rescinding vital business reforms he negotiated with Republicans two years ago.
“Now we learn that the Governor is going to reverse course on his agreement with our Republican Caucus which will financial handicap small businesses even more as they struggle to get back on their feet. This is not the realistic, balanced budget we desperately need to get our economy back on track,” said Brady