A yearly report by the Governor’s Office of Management and Budget (GOMB) projects troubling news for Illinois’ economy – a $3.16 billion state budget deficit for the upcoming Fiscal Year leading some to question if another tax hike could be on the horizon.

Senate Republicans say state government spending has increased by 32 percent since Governor JB Pritzker took office, which is why Democrat leaders earlier this year forced through a record-breaking $53 billion budget that includes nearly $1 billion in higher taxes. That record-breaking $53 billion budget also provides more than $1 billion in benefits for noncitizens.

Senate Republicans say years of such record spending pose a serious risk to Illinois’ fiscal stability and the financial security of its residents.. Senate Republicans will continue to support the kind of business and government reforms needed to boost Illinois’ economy and jobs.