102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB3641

 

Introduced 1/21/2022, by Sen. Dan McConchie

 

SYNOPSIS AS INTRODUCED:
 
25 ILCS 155/4  from Ch. 63, par. 344

    Amends the Commission on Government Forecasting and Accountability Act. Provides that the Commission on Government Forecasting and Accountability shall publish a quarterly report (currently, one report at the convening of each regular session of the General Assembly) on the estimated income of the State from all applicable revenue sources for the next ensuing fiscal year and of any other funds estimated to be available for such fiscal year. Provides that upon each report, the Commission shall issue a revised and updated set of revenue figures reflecting the latest available information. Makes conforming changes.


LRB102 23088 RJF 32244 b

 

 

A BILL FOR

 

SB3641LRB102 23088 RJF 32244 b

1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Commission on Government Forecasting and
5Accountability Act is amended by changing Section 4 as
6follows:
 
7    (25 ILCS 155/4)  (from Ch. 63, par. 344)
8    Sec. 4. (a) The Commission shall publish, at the convening
9of each regular session of the General Assembly, a quarterly
10report on the estimated income of the State from all
11applicable revenue sources for the next ensuing fiscal year
12and of any other funds estimated to be available for such
13fiscal year. Upon each report, the Commission shall issue a
14revised and updated set of revenue figures reflecting the
15latest available information. The Commission, in its
16discretion, may consult with the Governor's Office of
17Management and Budget in preparing each the report. On the
18third Wednesday in March after the session convenes, the
19Commission shall issue a revised and updated set of revenue
20figures reflecting the latest available information. The House
21and Senate by joint resolution shall adopt or modify such
22estimates as may be appropriate. The joint resolution shall
23constitute the General Assembly's estimate, under paragraph

 

 

SB3641- 2 -LRB102 23088 RJF 32244 b

1(b) of Section 2 of Article VIII of the Constitution, of the
2funds estimated to be available during the next fiscal year.
3    (b) On the third Wednesday in March, the Commission shall
4issue estimated:
5        (1) pension funding requirements under P.A. 86-273;
6    and
7        (2) liabilities of the State employee group health
8    insurance program.
9    These estimated costs shall be for the fiscal year
10beginning the following July 1.
11    (c) The requirement for reporting to the General Assembly
12shall be satisfied by filing copies of the report as required
13by Section 3.1 of the General Assembly Organization Act, and
14filing such additional copies with the State Government Report
15Distribution Center for the General Assembly as is required
16under paragraph (t) of Section 7 of the State Library Act.
17(Source: P.A. 100-1148, eff. 12-10-18.)