HB 3174

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Budget Spending

Abstract

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.

Bill Sponsors (1)

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Feb 17, 2023

House

First Reading

House

Referred to Rules Committee

Feb 16, 2023

House

Filed with the Clerk by Rep. John Egofske

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

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Sources

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