New Jersey's 26th Legislative District

Senator Joe Pennacchio

Senator Joe Pennacchio

Pennacchio: While New Jersey Moves Forward Towards a New Era of Prosperity, Illinois Remains Stuck in the Same Old Rut

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Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee, issued the following statement regarding news reports that Illinois is preparing to raise state income taxes by 75 percent:

“Over the past year New Jersey has made remarkable progress under the leadership of Governor Chris Christie and Senate Republican Leader Tom Kean. The old pattern of tax, borrow and spend without limit, has been replaced by clear-headed fiscal discipline and restraint. New Jersey’s runaway state, county and municipal governments have been put on notice that more must be done with much less. New Jersey’s fiscal problems remain serious yet we have finally begun fix the structural problems underlying our yearly revenue shortfalls.

“Contrast New Jersey’s newly found fiscal discipline with Illinois, another state in serious fiscal trouble. While we have begun to reverse course to allow middle-class families to enjoy the prosperity we once enjoyed, Illinois seems bound and determined to repeat the mistakes that caused this mess in the first place.

“In New Jersey we are moving forward to take care of unfinished business, to fix pension and health benefits reform, creating permanent private sector jobs for middle-class families and the opportunity for an affordable, quality education to position our state to take full advantage of the economic recovery when it arrives.”

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