Like any household, the state of Illinois must find ways to create a spending plan that accounts for the annual revenue stream. Illinois has not has a full budget in place since July 1, 2015. The Illinois Constitution requires “proposed expenditures shall not exceed funds estimated to be available for the fiscal year as shown in the budget.” This means state law requires a spending plan to take into account the projected revenue the state will take in and any proposed spending plan greater than its revenue is unconstitutional.
Since 2001, Democrat leadership crafted spending plans that led Illinois to its current historic low point. Pensions are underfunded, tax hikes are commonplace and the fiscal can is repeatedly kicked down the road. Michael is working to pass a budget that is fair, balanced and constitutional. Michael is one of only a few legislators who has taken an oath not to receive pay until the budget crisis is resolved. He doesn’t believe it’s fair for services to be shut down and jobs to be lost, while politicians continue to receive their monthly pay.
With only a stop-gap budget in place for Illinois fiscal year 2017, Michael is adamant about ending the Springfield budget stalemate. He has committed to work with lawmakers from both sides of the aisle to pass a full, truly balanced budget. Michael believes if millions of hard-working Illinoisans are forced to make tough financial decisions to live within their means, legislators can find a grand compromise for the sake of taxpayers in the 20th district and across Illinois.