3. Bringing back business and the jobs we have lost to Illinois will increase systemic revenues by over $3 billion annually.
4. In order to do so we must live within our means and balance our budget without a tax increase and without devastating our human service providers.
5. Our current budget deficit in 2009, without federal stimulus dollars, is approximately $4.2 billion. If you begin by holding the line on spending and you add the 2010 stimulus money, our deficit would be less than $2 billion.
6. To bridge the $2 billion deficit, you must reengineer state spending. Overall spending is over $55 billion. Simple math tells you that a reduction of 2-8% in various agencies could give Illinois a surplus and enable us to pay back the short-term debt that has accumulated over the last six years.
7. Yes, this takes courage and leadership. The reality is that you are not going to get your huge tax increase.
You need to begin selling the positives that the state of Illinois has to offer and promote those advantages to encourage population growth and business investment in the great Land of Lincoln.
I look forward to hearing from you.
Bill Brady, State Senator, 44th District