BUDGET/LONG-TERM PLANNING Senate SponsorsSen. Christine Radogno 1/13/2009SenateSession Sine Die 15 ILCS 20/50-30 new25 ILCS 50/1from Ch. 63, par. 42.31Amends 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 $1,000,000 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 if the note indicates an increase of expenditures of $1,000,000 or more. Effective immediately. 2/15/2008SenateFiled with Secretary by Sen. Christine Radogno 2/15/2008SenateFirst Reading 2/15/2008SenateReferred to Rules 1/13/2009SenateSession Sine Die