HR1293 LRB095 21407 NHT 50760 r

1
HOUSE RESOLUTION

 
2     WHEREAS, The General Assembly annually advocates for the
3 advanced payment of the 23th and 24th General State Aid
4 payments for Illinois schools; and
 
5     WHEREAS, Accelerating the final two General State Aid
6 payments in June is critical for school districts around the
7 State as school officials strive to keep their budgets
8 balanced; and
 
9     WHEREAS, Delaying the General State Aid payments until July
10 would create a serious cash-flow problem for many school
11 districts; and
 
12     WHEREAS, State law requires school districts to end the
13 fiscal year with a balanced budget; and
 
14     WHEREAS, School district officials deserve to have
15 financial stability as they prepare for the upcoming school
16 year; and
 
17     WHEREAS, The State Finance Act authorizes the Governor to
18 notify the State Treasurer and the State Comptroller to "effect
19 advance distribution to school districts of amounts that
20 otherwise would be payable" pursuant to Article 18 of the

 

 

HR1293 - 2 - LRB095 21407 NHT 50760 r

1 School Code; and
 
2     WHEREAS, Three Governors have exercised this accelerated
3 payment authority in past fiscal years; therefore, be it
 
4     RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
5 NINETY-FIFTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we
6 urge Governor Rod Blagojevich to exercise his authority to
7 accelerate the 23rd and 24th General State Aid payments
8 immediately to assist school districts in complying with
9 statutory, balanced-budget requirements.