Brady Touts Jobs Plan, Backs off 10-Percent Cuts Pledge
Illinois' Republican candidate for governor says his plan for jobs would ultimately mean property tax relief for local school districts.
Bloomington Senator Bill Brady visited a machining facility in Champaign Tuesday to tout those plans. He says by introducing $3,750 dollars in tax credits for businesses over a 2-year period - and repealing the estate tax and gasoline sales taxes - that would bring 700,000 jobs back to Illinois.
Brady said 10-percent of revenue growth from those jobs will be placed into a property tax relief fund for school districts. He also refuted claims by his opponent, Democratic Governor Pat Quinn - that his more immediate plans for cutting education would actually raise property taxes.
"Ten percent of state funding on average to the school system is less than 2-and a-half percent reduction in overall spending," said Brady. "Now, there are many raises that are out there and contracts that might be negotiated to forgo for one year to meet these difficult times without pink-slipping or raising property taxes."
Brady also insists that school districts, universities, and social service providers would not experience the same problems they are now if they knew how much state money to count on in the first place. Brady says struggles at institutions like the University of Illinois are a result of state leaders "over promising and under-delivering."
The Senator has long pushed for 10-percent across the board cuts in state spending to balance the budget. But Brady said Tuesday that if elected, he will have experts audit the state's budget.
"Every dollar will be examined," said Brady. "Some programs likely will go by the wayside. Some will be examined. Some will be reduced. But we need someone to scrutinize every dollar of state spending so that we're utilizing the precious resources the taxpayers give us in a balanced way to focus on our highest priorities."
Brady said it is a mathematical equation that the state has to cut at least a dime in every dollar of spending, but wants to prioritize the remaining 90 cents.