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Wednesday, November 27, 2024

House Republicans criticize budget deficit amid calls for transparency

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State Representative Michael Coffey (IL) | Representative Michael J. Coffey, Jr. (R) 95th District

State Representative Michael Coffey (IL) | Representative Michael J. Coffey, Jr. (R) 95th District

Illinois House Republicans have expressed their concerns following the announcement of a projected $3.2 billion budget deficit for FY26 by the Pritzker Administration. The Republicans have consistently criticized the state's budgeting approach, highlighting issues such as reliance on temporary financial solutions and tax increases.

Despite an increase in taxes by $1 billion in FY25, the administration is now seeking to address the deficit by asking state agencies to propose cuts. According to House Minority Leader Tony McCombie, this situation could have been avoided if fiscal discipline had been exercised. McCombie stated, "House Republicans support the ongoing budget review process led by the Governor’s Office of Management and Budget (GOMB). However, we urge the Administration to share the results of these exercises transparently with legislators and appropriation committees."

State Representative Mike Coffey emphasized that Illinois has growth potential but needs to reduce wasteful spending. He remarked, "Taxpayers in Illinois have become an ATM machine due to failed policies, and the state’s budget needs to represent what’s best for the people of Illinois."

Deputy Minority Leader Ryan Spain pointed out that warnings about excessive spending were ignored. Spain said, "For years, House Republicans have warned that the Majority Party’s insatiable appetite for spending would outpace the state’s revenue growth." He added that their warnings were dismissed with derogatory labels.

Key cost drivers identified include Medicaid expansions, increased funding for education and public safety reforms under various acts, human services programs, and rising insurance costs. These initiatives are seen as addressing real needs but lacking a sustainable financial plan.

The issue of transparency in budgeting processes remains a concern for House Republicans as they prepare for upcoming legislative sessions.

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