the Honorable Members of
veto Senate Bill 2040 from the 99th General Assembly.
this summer the General Assembly passed, and I vetoed, an unbalanced and
unconstitutional budget, which would have spent nearly $4 billion more than
expected revenues. For too long, the State of Illinois has made spending
promises that exceed available revenues, relied on accounting gimmicks to make
budgets appear balanced, used borrowing and cost deferral strategies to push
costs into the future, and delayed payments to vendors. These practices have
generated backlogs of unpaid bills, a crushing debt burden, and the worst
credit rating of any state.
Bill 2040 would have continued these bad practices for another month. Instead,
we need a full year, balanced budget that makes only the promises we can afford
pursuant to Section 9(b) of Article IV of the Illinois Constitution of 1970, I
hereby return Senate Bill 2040, “AN ACT concerning appropriations”, with the
foregoing objections, vetoed in its entirety.