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Republicans worried about Illinois budget projections showing large deficits
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Republicans worried about Illinois budget projections showing large deficits

(The Center Square) – A report projecting large budget shortfalls for the state of Illinois is getting the attention of Senate Republicans.

Earlier this month, the Governor’s Office of Management and Budget released 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 come despite tax increases passed in the spring legislative session, which are expected to increase tax revenues by about $800 million annually.

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

“It’s gone bad every year, you could say, and we’ve beaten it every year,” Pritzker said. “I believe we will submit a budget to the General Assembly in February as I have done every year for the last six years and it will be balanced.”

The report from the Office of Management and Budget shows planned increases in spending on health care, education and government services. Revenues are also expected to slow as the Federal Reserve lowers interest rates, which will negatively impact the state’s investment income.

At a news conference Tuesday, state Sen. Sally Turner, R-Beason, said the governor and his allies are out of touch while spending billions on programs aimed at noncitizens.

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

Some of the recommendations made 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 traveling the country campaigning for president and take care of business here at home.

“People are exhausted, Governor Pritzker, they have nothing left to give,” Rose said. “So whatever you do this budget year, it must be done without raising taxes on working Illinoisans.”