Gov. Rauner Lays Out Turnaround Budget Blue Print
on Monday, February 23, 2015
“Even after we solve this fiscal year’s crisis, we will still be left with a budget hole of $6.2 billion for the coming fiscal year,” the newly-elected Governor told lawmakers. “Waste and inefficiency are rampant in our current system,” he reported. “To be compassionate, we must be competitive.”
The State’s budgetary challenges are no secret, but under Gov. Rauner, these challenges are actually being acknowledged. For the first time in a decade, the Governor and General Assembly are starting the budgetary process grounded by the reality of matching revenues with expenditures while paying our required obligations. Gov. Rauner has set a revenue estimate of $32 billion with a clear directive to make that number work.
The Governor’s introduced FY16 budget is a sobering look, but one that is built on several core priorities: public safety, education and paying our bills. The General Assembly is beginning to review this budget and its impact on Illinoisans and will soon be making recommendations as to our shared priorities. There are hard times to come, but in the end, the goal of turning around Illinois must be accomplished.