Date	Chamber	Action
1/8/2013	Senate	Session Sine Die

ILCON Art. IV, Sec. 8.1

ILCON Art. VIII, Sec. 2

Synopsis As Introduced
Proposes to amend the Legislature Article of the Illinois Constitution concerning the passage of revenue bills. A bill that would result in the increase of revenue may become law only with the concurrence of two-thirds of the members elected to each house of the General Assembly. Proposes to amend the Finance Article of the Illinois Constitution concerning the State budget. Provides that the rate of growth in total State expenditures in any fiscal year over the prior fiscal year is limited to: (i) the percentage increase in the annual rate of increase, for the previous calendar year, of the Consumer Price Index; plus (ii) the rate of increase in the State's population for the same 12-month period. Requires the State to maintain a reserve fund equal to 3% of the enacted budget for the prior fiscal year. Effective on being declared adopted in accordance with Section 7 of the Illinois Constitutional Amendment Act.

Actions 

Date	Chamber	Action
11/8/2011	Senate	Filed with Secretary
11/8/2011	Senate	Referred to Assignments
1/24/2012	Senate	Assigned to Executive
2/9/2012	Senate	To Executive Subcommittee on Constitutional Amendments
1/8/2013	Senate	Session Sine Die

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