With revised and confirmed revenue numbers in hand, members of the House Republican Caucus reiterated their belief on Thursday that the Fiscal Year 2020 (FY20) budget can be balanced without any tax increases.
“Thanks to the growing U.S. economy, recent revenue updates indicate we will have a minimum of $1.2 billion in additional revenue to work with as we create next year’s budget,” said State Representative Avery Bourne (R-Raymond). “These are not partisan numbers; they have been verified by the Governor’s Office of Management and Budget (GOMB), the Department of Revenue and the Commission on Government Forecasting and Accountability (COGFA). We have also identified other creative ways to add revenue without adding new taxes on Illinoisans.”
Despite the new revenue and opportunities to increase revenues without adding new taxes, Democrats are not backing away from proposals to tax bags, cigarettes and vaping materials, and other items. Republicans are firm in their belief that these taxes are not necessary.
“I would encourage my colleagues on the Democrat side of the aisle to accept these new numbers and work with us to create a balanced budget with no new taxes for next year,” Bourne said. “We do our best work when Republicans and Democrats work together and if we work collaboratively we can send the Governor a balanced budget that addresses key priorities and does not hinge on asking taxpayers for more money. We have only twelve days left. We need to get to work.”