Governor vows to reduce business regulations, lower taxes.
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ROCHELLE — With the primary election less than two weeks away, Illinois Governor Bruce Rauner made two campaign stops in Rochelle on Tuesday morning.
Rauner, who is facing challenger Jeanne Ives in the March 20 primary, met with some local business leaders at the Rochelle Technology Center and also stopped at the Rochelle News-Leader prior to a scheduled tour of the Ingersoll plant in Rockford, touting his balanced budget proposal and efforts to create higher paying jobs in the state and help turn around the Illinois economy.
“The challenge for Illinois is our taxes and our regulations are too high and we are not competitive with other states. We make it difficult for our employers to grow and to hire,” Rauner said. “For decades we have been one of the slower growing states economically, and our government spending has grown too fast and it’s led to high deficits and debt and residents paying too much in property taxes.”
The Republican incumbent has had a rocky first term, as political stalemates, fund deficits and the loss of companies and jobs to neighboring states have dogged state leaders. Rauner though said he has plans to turn around Illinois’ economy.
“The budget is critical. I’ve looked back 20 years and I can’t find where we’ve actually had a truly balanced budget in that time,” Rauner stated.
“Either we don’t fund our pensions, we don’t pay our bills or we borrow in the bond market. This has been going on for years and years and it’s why we have some of the worst debt per person in the nation. We can’t sustain this or tax our way out of it. The only way to fix this problem is to grow economically and faster than our government spending.”
Rauner said he is proposing cuts and reprioritizing of state spending, building a $350 million surplus to pay down past due bills, a reform in the state’s pension plan and an income tax cut for residents. Rauner added that despite past stalemate battles with Democratic lawmakers in the past, he believes he can get support for change.