Bill Status of SB1546

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SB1546 - 104th General Assembly

BUDGET-SPENDING CAP
Last Action
2/04/2025 - Senate: Referred to Assignments
Statutes Amended In Order of Appearance
15 ILCS 20/50-5
Synopsis As Introduced
Amends the State Budget Law of the Civil Administrative Code. Provides that, beginning with the budget prepared for Fiscal Year 2027, the rate of growth of appropriations from the State general funds over the preceding fiscal year appropriations from the State general funds shall not exceed the rate of growth of the Illinois economy. Provides that the rate of growth of the Illinois economy is the compound annual growth rate of the gross domestic product in the State over the preceding 10 calendar years, calculated using data reported by the United States Bureau of Economic Analysis or its successor agency before the December 31 that immediately precedes the beginning of the applicable fiscal year.
Actions
Date Chamber Action
2/04/2025 Senate Filed with Secretary by Sen. Suzy Glowiak Hilton
2/04/2025 Senate First Reading
2/04/2025 Senate Referred to Assignments
2/06/2025 Senate Added as Co-Sponsor Sen. Chris Balkema
2/27/2025 Senate Added as Co-Sponsor Sen. Donald P. DeWitte
3/05/2025 Senate Added as Co-Sponsor Sen. Sally J. Turner