97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB1880

 

Introduced 2/10/2011, by Sen. John J. Millner

 

SYNOPSIS AS INTRODUCED:
 
15 ILCS 20/50-35 new
25 ILCS 50/1  from Ch. 63, par. 42.31

    Amends the State Budget Law. Requires the Governor's budget to include projections of revenues and expenditures for the 5 following fiscal years. Sets forth requirements for the projections. Requires the budget for the next fiscal year to set forth new or expanded expenditures of $500,000 or more. Requires the Governor's Office of Management and Budget to review previous projections and compare them to actual receipts and expenditures. Requires the Governor to submit 5-year projections for expenditures not included in the Governor's initial budget before the General Assembly approves appropriation bills. Contains other provisions. Amends the Fiscal Note Act to require a 5-year projection of expenditures and revenues if the note indicates an increase of expenditures of $500,000 or more. Effective immediately.


LRB097 10160 RLJ 50348 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB1880LRB097 10160 RLJ 50348 b

1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Budget Law of the Civil Administrative
5Code of Illinois is amended by adding Section 50-35 as follows:
 
6    (15 ILCS 20/50-35 new)
7    Sec. 50-35. Long-Term Planning Law.
8    (a) The Governor's budget shall include projections of
9revenues and expenditures for each of the 5 fiscal years
10following the fiscal year for which the budget is submitted.
11These projections shall include aggregates of all revenues and
12all expenditures, and separate aggregate projections for
13revenues and expenditures from general funds. These revenue
14projections shall include separate projections for the
15principal sources of revenues, including personal income tax,
16corporate income tax, occupation and use tax, public utilities
17tax, federal reimbursements, riverboat gaming, and lottery.
18The projections shall include an aggregate of all expenditures
19and separate projections for the principal areas of spending,
20including elementary and secondary education, higher
21education, Medicaid, public safety, and transportation. The
22projections shall include an explanation of any increases not
23due to anticipated natural growth in revenues and expenditures.

 

 

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1    (b) The Governor's budget for the next fiscal year shall
2separately set forth any proposals for any new or expanded
3expenditures that reflect an expansion of eligibility or scope
4of services and an increase of $500,000 or more over the
5current fiscal year's expenditures for the same or related
6programs. Five-year projections for these new or expanded
7expenditures and their related revenues shall be separately set
8forth. The 5-year projection must identify a secure source of
9revenue for the proposal.
10    (c) The Governor's Office of Management and Budget shall
11submit an annual review of prior projections required by
12subsections (a) and (b), showing comparisons to actual revenues
13and expenditures. This review shall be submitted to the General
14Assembly 30 days after the submission of the Governor's budget
15for the next fiscal year. The review shall include projections
16for the previous 5 fiscal years prepared as required by this
17Act.
18    (d) Prior to General Assembly approval of appropriation
19bills, the Governor shall submit to the General Assembly 5-year
20projections of revenues and expenditures for any new or
21expanded expenditures as described in subsection (b) that are
22authorized by the appropriation bills but were not included in
23the Governor's initially submitted budget. Updated projections
24also shall be submitted by the Governor prior to General
25Assembly approval of appropriations for any new or expanded
26expenditures as described in subsection (b) that are materially

 

 

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1changed from the Governor's initial proposals.
 
2    Section 10. The Fiscal Note Act is amended by changing
3Section 1 as follows:
 
4    (25 ILCS 50/1)  (from Ch. 63, par. 42.31)
5    Sec. 1. Every bill, except those bills making a direct
6appropriation, (1) the purpose or effect of which is (i) to
7expend any State funds or to increase or decrease the revenues
8of the State, either directly or indirectly, or (ii) to require
9the expenditure of their own funds by, or to increase or
10decrease the revenues of, units of local government, school
11districts or community college districts, or to revise the
12distribution of State funds among units of local government,
13school districts, or community college districts, either
14directly or indirectly, or (2) that amends the Mental Health
15and Developmental Disabilities Code or the Developmental
16Disability and Mental Disability Services Act shall have
17prepared for it prior to second reading in the house of
18introduction a brief explanatory statement or note which, for a
19bill under item (1), shall include a reliable estimate of the
20anticipated change in State, local governmental, school
21district, or community college district expenditures or
22revenues under its provisions and, for a bill under item (2),
23shall include a reliable estimate of the fiscal impact of its
24provisions upon community agencies. For purposes of this Act,

 

 

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1indirect revenues include, but are not limited to, increased
2tax revenues or other increased revenues resulting from
3economic development, job creation, or cost reduction. The
4statement or note shall also include an explanation of the
5methodology used to determine the estimated direct and indirect
6costs or estimated impact on community agencies. Any notes for
7bills having a fiscal impact on units of local government,
8school districts or community college districts shall include
9such cost estimates as may be required under the State Mandates
10Act.
11    If a bill authorizes capital expenditures or appropriates
12funds for capital expenditures, a statement shall be prepared
13by the Governor's Office of Management and Budget specifying by
14year any principal and interest payments required to finance
15such capital expenditures.
16    If a bill authorizes the issuance of bonds, a statement or
17note shall be prepared by the Governor's Office of Management
18and Budget specifying the estimated total principal and
19interest payments (assuming interest is paid at a fixed rate)
20if all of the bonds authorized were issued. The statement or
21note shall include the total principal on all other
22then-outstanding Bonds of the State.
23    These statements or notes shall be known as "fiscal notes".
24    Every fiscal note prepared under this Act that includes an
25estimate of an expenditure of funds in excess of $500,000 or
26more over the current fiscal year's expenditures for the same

 

 

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1or related programs shall also contain projections of
2expenditures and revenues for each of the 5 fiscal years
3following the next fiscal year. The 5-year projection must
4identify a secure source of revenue for the expenditure of
5funds.
6(Source: P.A. 92-567, eff. 1-1-03; 93-839, eff. 7-30-04.)
 
7    Section 99. Effective date. This Act takes effect upon
8becoming law.