Tuesday, July 11, 2017
State treasurer to Missouri legislature: Don't be like Illinois
Missouri State Treasurer Eric Schmitt today released an open letter to members of Missouri’s legislature with a pointed message: “Don’t be like Illinois.”
In the letter, Schmitt explains that he sees the Illinois budget disaster as “an important opportunity to think constructively about the future of our state” and argues Missouri can avoid becoming like Illinois by embracing fiscal responsibility and protecting taxpayers.
Schimtt urges the legislature to address pension liabilities, protect the state’s AAA credit rating, provide tax relief, and shrink the size of government.
“In the wake of our neighboring state’s budget crisis, Missouri finds itself at a crossroads,” writes Schmitt. “One path forward requires we start making tough decisions now to ensure our state is one full of opportunity for our children and grandchildren. The other path, the one Illinois foolishly followed to their demise, resembles a pattern of kicking the can down the road until our problems are beyond repair. My word of caution is this: Don’t be like Illinois.”
The letter can be read online here: http://on.mo.gov/2t9tUV5