Illinois General Assembly - Bill Status for HB3174
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 Bill Status of HB3174  103rd General Assembly

Short Description:  BUDGET SPENDING

House Sponsors
Rep. John Egofske

Last Action
DateChamber Action
  2/17/2023HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
15 ILCS 20/50-5

Synopsis As Introduced
Amends the State Budget Law of the Civil Administrative Code. Provides that, beginning with the budget prepared for Fiscal Year 2025, the rate of growth of appropriations from the State general funds over the preceding fiscal year appropriations from the State general funds shall not exceed the rate of growth of the Illinois economy. Provides that the rate of growth of the Illinois economy is the compound annual growth rate of the gross domestic product in the State over the preceding 10 calendar years, calculated using data reported by the United States Bureau of Economic Analysis or its successor agency before December 31 immediately preceding the beginning of the applicable fiscal year.

DateChamber Action
  2/16/2023HouseFiled with the Clerk by Rep. John Egofske
  2/17/2023HouseFirst Reading
  2/17/2023HouseReferred to Rules Committee

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