Illinois Governor Pat Quinn Plans To Fix Billion Dollar Deficit

Illinois is facing an 11.5 *billion dollar budget deficit, and Governor Pat Quinn says fixing this financial crisis requires a "shared sacrifice". This means, for taxpayers our sacrifice could be a fifty percent spike in income taxes.

The Governor told lawmakers in Springfield today that Illinois is facing its greatest crisis of modern times, and to plug our multi-billion dollar budget hole. He wants to raise income taxes from 3 to 4.5 percent. So for example, someone making $45,000 dollars a year, would pay an extra 440 dollars in taxes. Quinn also wants to hike taxes on cigarettes by a dollar per pack, but the Governor says during tough economic times everyone must live within their means and that goes for state government too.

"I am proposing major cuts and cost reductions that will save at least 1.3 billion dollars. These cutbacks include ordering state employs to take furloughs of four days, requiring across the board reductions in grant programs and making targeted cost reductions at every state agency", said Governor Quinn.

There is much criticism over Quinn's plan from our local state leaders. Representative Dave Winters says the budget will be balanced at the expense of families already struggling to make ends meet during this sour economy.

Meanwhile, Senator Dave Syverson says, Quinn has left the Blagojevich medicaid programs untouched, programs that Syverson says increased new spending by billions of dollars at a time when we clearly can't afford it.

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  • by candace Location: westchester on Mar 23, 2009 at 07:48 AM
    cut the public aid recipient roll & the health care reform that Blago over reached on! Do not increase corporate taxes because it will backfire with layoffs and an increase in unemployment. forget about increases in cigarette taxes because it will simply drive revenue out of the state. I smoke and I can guarantee you that i will buy out of state as will everyone else i have talked to.
  • by Julie Location: Poplar Grove on Mar 19, 2009 at 04:30 AM
    With the Illinois budget facing an 11.5 billion dollar deficit, why is the state funding health insurance for women from out of the country to have their babies? Don't you think medicaid coverage should be for Illinois citizens or US citizens? Why are we paying for non US citzens to have their babies? Most leave the country after the birth so it is not as if they become tax paying citizens of this country.
  • by Doug Location: Northern IL on Mar 19, 2009 at 04:24 AM
    Our governor tells us what he is planning to increase but not how he is planning to cut costs and reduce spending. When all of taxpayers have had to tighten our belts when will the government state and federal tighten their belts.
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