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Republicans are expressing concern about Illinois’ budget projections showing major deficits
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Republicans are expressing concern about Illinois’ budget projections showing major deficits

(Center Square) – A report forecasting major budget shortfalls for the state of Illinois is drawing the attention of Senate Republicans.

Earlier this month, the Governor’s Office of Management and Budget ISSUED a five-year projection that shows the state will spend $63 billion by 2030, creating an annual deficit of $5 billion. In 2020, the state budget was only $40 billion.

The projected deficits are despite tax increases passed during the spring legislative session that were projected to increase tax revenue by about $800 million annually.

Last week, Gov. JB Pritzker said he disagreed with the projections.

“He’s been wrong every year, you might say, and we’ve beaten him every year,” Pritzker said. “I think we will submit a budget to the General Assembly in February, as we have done every year for the last six years, and it will be balanced.”

The Office of Management and Budget report shows projected spending increases for health, education and government services. Revenues are also expected to slow as the Federal Reserve lowers interest rates, negatively impacting the state’s investment income.

During a news conference Tuesday, state Sen. Sally Turner, R-Beason, said the governor and his allies are out of touch as they spend billions on non-citizen programs.

“Not only do our citizens have to pay for their own health care, they have to pay taxes to provide free health care to people who are here illegally, people who were invited to come here with his sanctuary policies,” said Turner.

Some of the recommendations offered by the office of management and budget include implementing spending controls and investing in education and economic development.

State Sen. Chapin Rose, R-Mahomet, said Pritzker needs to stop running around the country campaigning for president and deal with issues here at home.

“The people are out, Governor Pritzker, they have no more to give,” Rose said. “So whatever you do this fiscal year, it has to be done without raising taxes on the working people of Illinois.”