SPRINGFIELD—State Rep. Kay Hatcher is backing spending cuts that will force the state to live within its means. Hatcher (R-Yorkville) last week helped pass a resolution in the Illinois House that will reduce the state’s revenue estimate, leading to significant cuts in state spending.
“Families and businesses are struggling, and have been forced to make tough decisions and tighten their belts to get by. For years, my House Republican colleagues and I have been demanding that the state do the same,” Hatcher said. “Today, the House took a very important step in that direction by passing a resolution that will force the state to set realistic revenue projections and reduce spending.”
House Resolution 110 creates a fiscal framework for Fiscal Year 2012 budget negotiations. The resolution establishes an FY12 revenue estimate of $33.2 billion, which is $2 billion less than Governor Quinn’s spending proposal. The governor’s introduced budget would increase General Revenue Fund spending to $35.4 billion, a 5 percent increase over FY11. By establishing a lower revenue estimate of $33.2 billion, HR 110 will require the governor and General Assembly to make several billion dollars in cuts to state spending. HR 110 passed the House on a vote of 112-0.
“The fact that this crucial resolution had strong bi-partisan sponsorship and support in the House makes me very hopeful that we are finally on the path to putting together a responsible state budget that reins in excessive spending, and at last forces the state to live within its means,” Hatcher said.