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Biss backs bill to help cut state debt

State Rep. Daniel Biss (D-Evanston) is sponsoring House Resolution 158 which would require that the state allocate toward debt reduction any revenue in excess of the budgetary estimates set forth by the House Revenue Committee.

State Rep. Daniel Biss (D-Evanston) is sponsoring House Resolution 158 which would require that the state allocate toward debt reduction any revenue in excess of the budgetary estimates set forth by the House Revenue Committee.

House Resolution 158 follows House Resolution 110, also sponsored by Biss, which establishes the estimated amount of new revenue the state expects to bring in during the upcoming fiscal year.

House Resolution 158 provides that any revenue exceeding the projected amount will be used to pay off the state’s outstanding debt. In previous years, additional revenue would have been used to create or expand programs, regardless of the state’s financial burden.

In a news release, Biss said, "The practice in Springfield has been to spend whatever money becomes available, regardless of the long-term consequences.  As we face a backlog of $8 billion of unpaid bills, service providers and taxpayers alike know that we need to do whatever possible to pay off our debt.  I am proud to stand with them in sponsoring this measure that will provide a crucial first step."

House Resolution 158 passed out of the House Revenue committee with unanimous support.  The legislation now awaits further discussion from the full House of Representatives.

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