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93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HOUSE JOINT RESOLUTION
CONSTITUTIONAL AMENDMENT
HC0032
Introduced 2/9/2004, by Rep. Bill Mitchell SYNOPSIS AS INTRODUCED:
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9991 ILCS 5/Art. VIII heading |
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9991 ILCS 5/8002 |
ILCON Art. VIII, Sec. 2 |
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Proposes to amend the Finance Article of the Illinois Constitution. Limits each fiscal year's increase in total aggregate appropriations to the greater of 4% of the previous fiscal year's total aggregate appropriations or the sum of the rate of inflation and the State's population growth since the previous fiscal year. Requires that revenues in excess of a fiscal year's total aggregate appropriations must be deposited into a rainy day fund within the State treasury. Effective upon being declared adopted.
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A BILL FOR
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HC0032 |
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LRB093 20095 JAM 45839 e |
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| HOUSE JOINT RESOLUTION
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| CONSTITUTIONAL AMENDMENT
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| RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE |
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| NINETY-THIRD GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE |
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| SENATE CONCURRING HEREIN, that there shall be submitted to the |
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| electors of the State for adoption or rejection at the general |
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| election next occurring at least 6 months after the adoption of |
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| this resolution a proposition to amend Article VIII of the |
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| Illinois Constitution by changing Section 2 as follows:
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| ARTICLE VIII
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| FINANCE
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| (ILCON Art. VIII, Sec. 2)
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| SECTION 2. STATE FINANCE
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| (a) The Governor shall prepare and submit to the General |
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| Assembly, at
a time prescribed by law, a State budget for the |
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| ensuing fiscal year.
The budget shall set forth the estimated |
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| balance of funds available for
appropriation at the beginning |
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| of the fiscal year, the estimated
receipts, and a plan for |
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| expenditures and obligations during the fiscal
year of every |
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| department, authority, public corporation and quasi-public
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| corporation of the State, every State college and university, |
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| and every
other public agency created by the State, but not of |
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| units of local
government or school districts. The budget shall |
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| also set forth the
indebtedness and contingent liabilities of |
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| the State and such other
information as may be required by law. |
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| Proposed expenditures shall not
exceed funds estimated to be |
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| available for the fiscal year as shown in
the budget.
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| (b) The General Assembly by law shall make appropriations |
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| for all
expenditures of public funds by the State. |
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| Appropriations for a fiscal
year shall not exceed funds |
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| estimated by the General Assembly to be
available during that |
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| year.
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| (c) The total aggregate appropriations for each fiscal year |