FINANCE-SPENDING LIMIT House SponsorsRep. Bill Mitchell 5/4/2008HouseTabled Pursuant to Rule 46 ILCON Art. VIII, Sec. 2 Proposes to amend the Finance Article of the Illinois Constitution. Except upon a three-fifths vote of each house of the General Assembly, limits each fiscal year's increase in total aggregate appropriations to the greater of 4% of the previous fiscal year's total aggregate appropriations or the sum of the rate of inflation and the State's population growth since the previous fiscal year. Requires that revenues in excess of a fiscal year's total aggregate appropriations must be deposited into a rainy day fund within the State treasury. Effective upon being declared adopted. 2/21/2007HouseFiled with the Clerk by Rep. Bill Mitchell 2/21/2007HouseRead in Full a First Time 2/21/2007HouseReferred to Rules Committee 2/27/2007HouseAssigned to State Government Administration Committee 3/14/2007HouseDo Pass / Short Debate State Government Administration Committee; 011-000-000 3/15/2007HousePlaced on Calendar 2nd Reading - Short Debate 5/4/2008HouseTabled Pursuant to Rule 46