Durkin Calls for 4% Cuts to Illinois Budget After Tax Amendment Fails
House Republican Leader Jim Durkin said Thursday that the Pritzker administration should start with 4% across the board cuts to the state budget following the failure of the graduated income tax amendment.
After that, Durkin said Republican lawmakers are willing to negotiate with the administration to identify further cuts that can be made.
Gov. JB Pritzker said Wednesday that he plans to meet with legislative leaders to plan a way forward with the budget following the defeat of the amendment. He warned that “deep and painful cuts” are in the offing because the amendment failed.
If it had been approved, the graduated tax amendment would have generated an estimate $3.4 billion to $3.5 billion in new revenue for the state. About half of that amount would have been available during the remainder of this fiscal year.
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After that, Durkin said Republican lawmakers are willing to negotiate with the administration to identify further cuts that can be made.
Gov. JB Pritzker said Wednesday that he plans to meet with legislative leaders to plan a way forward with the budget following the defeat of the amendment. He warned that “deep and painful cuts” are in the offing because the amendment failed.
If it had been approved, the graduated tax amendment would have generated an estimate $3.4 billion to $3.5 billion in new revenue for the state. About half of that amount would have been available during the remainder of this fiscal year.
Click Here to read more.