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Kane County Reporter

Tuesday, November 19, 2024

Illinois faces $3B deficit; GOP urges no new taxes

As Illinois faces a budget deficit exceeding $3 billion, Senate Republicans have urged Governor J.B. Pritzker to balance the state's finances without increasing taxes on residents and businesses. The Governor’s Office of Management and Budget recently reported a projected shortfall of $3.16 billion for the upcoming fiscal year, raising questions about how the gap will be addressed.

Governor Pritzker has been criticized by Senate Republicans for expanding state spending by over 30% since taking office, reaching a record $53 billion in the last fiscal year. They argue that temporary federal aid has been converted into long-term financial obligations. This deficit news follows recent tax hikes amounting to nearly $1 billion to support a budget that included significant benefits for non-citizens.

A Chicago Tribune article highlighted GOP Senators' demand for no new tax increases: “With state facing $3B deficit, GOP senators call on Gov. JB Pritzker to promise no tax hikes.”

Senator Don DeWitte expressed concern about the impact on Illinois families: "Illinoisans across the state have made their position clear—they’re struggling to make ends meet and cannot afford to cover the cost of Governor Pritzker’s budget crisis."

In other matters, Senator DeWitte continues discussions regarding public transit's future in Illinois as part of his role on the Senate Transportation Committee. He recently met with Kirk Dillard, Chairman of the Regional Transportation Authority (RTA), focusing on potential reforms without diminishing suburban representation.

Illinois transit systems face a $730 million fiscal cliff in 2026, prompting proposals for consolidating RTA with other entities under an 18-member board. Concerns remain about fair representation among counties contributing significantly to funding.

The fall Veto Session began in Springfield on November 12 but concluded its first week without major floor action. However, Senate Republicans held a press conference urging Governor Pritzker not to raise taxes amid looming deficits.

Additionally, lawmakers recognized veterans during their annual Veterans Day tribute and discussed Senate Bill 3968 concerning carbon sequestration injections near aquifers; however, it was held without a vote.

Meanwhile, at the Illinois State Capitol, the Veterans Memorial Display is open until November 25, honoring veterans' service with photos and stories available both onsite and online.

In legal developments, Judge Stephen P. McGlynn ruled Illinois’ assault weapons ban unconstitutional on November 8 following challenges from gun rights groups citing constitutional violations. Attorney General Kwame Raoul filed an appeal against this ruling after an injunction was granted but stayed for 30 days.

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