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| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024 HB2969 Introduced 2/16/2023, by Rep. Christopher "C.D" Davidsmeyer SYNOPSIS AS INTRODUCED: |
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Creates the Taxpayers' Fiscal Charter Act. Provides for a discretionary spending freeze for fiscal years 2024 and 2025. Sets forth requirements to increase discretionary spending beginning in fiscal year 2026. Requires any new spending proposed by the General Assembly in addition to existing obligations to be accompanied by a proposed source of revenue to pay for the proposed spending or specified cuts necessary to offset the proposed spending. Prohibits unfunded mandates. Requires the publishing of certain information before voting on or enacting an appropriations bill. Effective immediately.
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| | A BILL FOR |
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| | HB2969 | | LRB103 28346 HLH 54725 b |
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1 | | AN ACT concerning finance.
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2 | | Be it enacted by the People of the State of Illinois,
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3 | | represented in the General Assembly:
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4 | | Section 1. Short title. This Act may be cited as the |
5 | | Taxpayers' Fiscal Charter Act. |
6 | | Section 5. Definitions. As used in this Act: |
7 | | "Backlog payment cycle" means the time between a |
8 | | submission of a proper bill or invoice to the State |
9 | | Comptroller for payment and the issuing of that payment. |
10 | | "Discretionary spending" means any spending not mandated |
11 | | by federal or State law or court order. |
12 | | "Unfunded mandate" means a law requiring a unit of local |
13 | | government or school district to expend money without |
14 | | accompanying money from the State. |
15 | | Section 10. Discretionary spending freeze. |
16 | | (a) The General Assembly shall freeze all discretionary |
17 | | spending during fiscal years 2024 and 2025. The General |
18 | | Assembly shall not expand any existing programs or create new |
19 | | programs requiring the expenditure of additional money. |
20 | | (b) Beginning in fiscal year 2026, the General Assembly |
21 | | may create new programs or expand existing programs requiring |
22 | | the expenditure of additional money only if the State's |