Creating Long-Term Financial Stability   

We need to get Illinois’ finances back on track - which is why I supported a balanced budget that paid our bills, eliminated debt, and saved for the future. The work we did will save us hundreds of millions of dollars, allowing us to invest in our communities and return more to taxpayers.

✅ Eliminated I.O.U. Backlog: Paying our bill backlog saves $150M annually in interest and late fees and provides cash flow for local small businesses.

✅ Repaid $3.2 Billion in Federal Loans Early: Repaying these pandemic-related borrowings two years early saved taxpayers $82M in interest payments.

✅ Added $1 Billion to Rainy Day Fund: This deposit into Illinois' Budget Stabilization Fund is the first in 18 years and provides crucial financial cushioning.

✅ Fully Funded College Illinois Program: Paying down this $230M liability saves $75M in future payments and fully funds Illinois' prepaid college tuition program.

✅ Paid $898 Million State Insurance Debt: Payment of this pre-pandemic liability for state employee group insurance funds saves $100M in late interest payments.

✅ Replenished $3.2 Billion of Unemployment Fund: The pandemic depleted Illinois’ unemployment insurance trust fund. Shoring up the UI fund also saves $70M in future interest payments.

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