Senator Bill Brady says he looks forward to a detailed account of Governor Pat Quinn’s plan for Illinois’ finances, including more information on how the Governor proposes to accomplish the goals laid out earlier this month in his State of the State speech.

The Governor’s annual budget address is February 22.

“The State of the State address February 1 had some interesting ideas, but there was a real disconnect from reality,” Senator Brady said. “The fact is that despite a massive income tax increase pushed through by Democrat leaders a year ago, Illinois still has staggering budget deficits, a huge backlog of bills and sagging credit ratings.”

According to projections released by the Governor’s administration in early January, Illinois faces a deficit of more than $500 million in the current fiscal year, not including $2 billion in Fiscal Year 2012 Medicaid obligations that will be deferred into the next fiscal year.

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