102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB3642

 

Introduced 1/21/2022, by Sen. Dan McConchie

 

SYNOPSIS AS INTRODUCED:
 
25 ILCS 155/4  from Ch. 63, par. 344

    Amends the Commission on Government Forecasting and Accountability Act. Provides that the House of Representatives and the Senate, in consultation with the Office of the Governor, shall by joint resolution adopt or modify revenue estimates provided by the Commission on Government Forecasting and Accountability within 2 days after the Governor's Budget Address to the General Assembly or by March 1, whichever occurs first. Provides that the joint resolution shall constitute both the estimate of the General Assembly and the estimate of the Governor of the funds estimated to be available during the next fiscal year. Makes conforming changes.


LRB102 23090 RJF 32246 b

 

 

A BILL FOR

 

SB3642LRB102 23090 RJF 32246 b

1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Commission on Government Forecasting and
5Accountability Act is amended by changing Section 4 as
6follows:
 
7    (25 ILCS 155/4)  (from Ch. 63, par. 344)
8    Sec. 4. (a) The Commission shall publish, at the convening
9of each regular session of the General Assembly, a report on
10the estimated income of the State from all applicable revenue
11sources for the next ensuing fiscal year and of any other funds
12estimated to be available for such fiscal year. The
13Commission, in its discretion, may consult with the Governor's
14Office of Management and Budget in preparing the report. On
15the third Wednesday in March after the session convenes, the
16Commission shall issue a revised and updated set of revenue
17figures reflecting the latest available information. The House
18and Senate, in consultation with the Office of the Governor,
19shall by joint resolution adopt or modify the revenue
20estimates within 2 days after the Governor's Budget Address to
21the General Assembly or by March 1, whichever occurs first by
22joint resolution shall adopt or modify such estimates as may
23be appropriate. The joint resolution shall constitute the

 

 

SB3642- 2 -LRB102 23090 RJF 32246 b

1General Assembly's estimate of the General Assembly and the
2estimate of the Governor, under paragraph (b) of Section 2 of
3Article VIII of the Constitution, of the funds estimated to be
4available during the next fiscal year.
5    (b) On the third Wednesday in March, the Commission shall
6issue estimated:
7        (1) pension funding requirements under P.A. 86-273;
8    and
9        (2) liabilities of the State employee group health
10    insurance program.
11    These estimated costs shall be for the fiscal year
12beginning the following July 1.
13    (c) The requirement for reporting to the General Assembly
14shall be satisfied by filing copies of the report as required
15by Section 3.1 of the General Assembly Organization Act, and
16filing such additional copies with the State Government Report
17Distribution Center for the General Assembly as is required
18under paragraph (t) of Section 7 of the State Library Act.
19(Source: P.A. 100-1148, eff. 12-10-18.)