HB 3014

  • Illinois House Bill
  • 104th 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 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 December 31 immediately preceding the beginning of the applicable fiscal year.

Bill Sponsors (3)

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Mar 21, 2025

House

Added Co-Sponsor Rep. Ryan Spain

Feb 27, 2025

House

Added Co-Sponsor Rep. Travis Weaver

Feb 06, 2025

House

Filed with the Clerk by Rep. Dan Ugaste

House

First Reading

House

Referred to Rules Committee

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

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Sources

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