IL House Speaker Madigan: State Budget Deficit will Require Spending Reductions and New Revenue

CHICAGO –(ENEWSPF)—December 9, 2015. Illinois House Speaker Michael Madigan was asked following his address Wednesday at the City Club of Chicago about the state income tax rate. Given misleading headlines and mischaracterization of the Speaker’s comments, the following clarifies his long-held position:

As I have stated for several months, and as I stated in my address to the City Club today, when it comes to solving the state's budget deficit, I believe we need to take a balanced approach that includes a combination of new revenue and reductions in state spending. A cuts-only budget . . .

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