Following the passage of a record tax hike earlier this year, politicians from both parties promised fiscal austerity. As some would tell it, they’ve delivered on that promise by passing a budget containing cuts.
But the truth is they have not delivered on that promise. At least not yet.
Our analysis shows how – contrary to promises and reports of a leaner budget – the plan passed by the General Assembly amounts to a significant spending increase compared to last year. This budget will lead to billions in new deficit spending over the coming decade, while setting the stage for extending the tax increases. It cannot stand. To learn more about this, watch this video of highlights from our press conference yesterday:
Bottom line: Spending is still too high. The credibility of politicians who promised an end to tax-and-spend habits and gimmickry is on the line. Additional reductions must be made, and they must be made now.
Call your state legislator today, and let them know what you think about unchecked spending growth.
Kristina Rasmussen
Executive Vice President
Illinois Policy Institute
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A Spending Increase in Springfield”
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