Illinois General Assembly - Bill Status for SB1546

Synopsis As Introduced
Amends the State Budget Law of the Civil Administrative Code. Provides that, beginning with the budget prepared for Fiscal Year 2027, 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 the December 31 that immediately precedes the beginning of the applicable fiscal year.

Actions

Date	Chamber	Action
2/4/2025	Senate	Filed with Secretary by Sen. Suzy Glowiak Hilton
2/4/2025	Senate	First Reading
2/4/2025	Senate	Referred to Assignments
2/6/2025	Senate	Added as Co-Sponsor Sen. Chris Balkema
2/27/2025	Senate	Added as Co-Sponsor Sen. Donald P. DeWitte
3/5/2025	Senate	Added as Co-Sponsor Sen. Sally J. Turner

×