<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4054         </title>
<shortdesc>BUDGET-REVISE REVENUE FORECAST</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Norine K. Hammond</sponsors>
</sponsor>
<lastaction>
<statusdate>5/14/2025</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>15 ILCS 20/50-5</reference><aliasreference></aliasreference><SynopsisText>     Amends the State Budget Law of the Civil Administrative Code of Illinois. Provides that, if the Governor revises the original general funds revenue estimate under his initial budget proposal downward and if the new revenue estimate would result in the Governor's initial proposed expenditures exceeding the estimated general revenue available for the upcoming fiscal year, then the Governor shall submit to the General Assembly a new budget proposal by no later than May 15. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>5/14/2025</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Norine K. Hammond</action>
<statusdate>5/14/2025</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>5/14/2025</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
</actions>
</xml>

