95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HOUSE JOINT RESOLUTION CONSTITUTIONAL AMENDMENT
HC0018

 

Introduced 2/21/2007, by Rep. Bill Mitchell

 

SYNOPSIS AS INTRODUCED:
 
ILCON Art. VIII, Sec. 2

    Proposes to amend the Finance Article of the Illinois Constitution. Except upon a three-fifths vote of each house of the General Assembly, 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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1
HOUSE JOINT RESOLUTION
2
CONSTITUTIONAL AMENDMENT

 
3     RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
4 NINETY-FIFTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE
5 SENATE CONCURRING HEREIN, that there shall be submitted to the
6 electors of the State for adoption or rejection at the general
7 election next occurring at least 6 months after the adoption of
8 this resolution a proposition to amend Article VIII of the
9 Illinois Constitution by changing Section 2 as follows:
 
10
ARTICLE VIII
11
FINANCE

12     (ILCON Art. VIII, Sec. 2)
13 SECTION 2. STATE FINANCE
14     (a) The Governor shall prepare and submit to the General
15 Assembly, at a time prescribed by law, a State budget for the
16 ensuing fiscal year. The budget shall set forth the estimated
17 balance of funds available for appropriation at the beginning
18 of the fiscal year, the estimated receipts, and a plan for
19 expenditures and obligations during the fiscal year of every
20 department, authority, public corporation and quasi-public
21 corporation of the State, every State college and university,
22 and every other public agency created by the State, but not of
23 units of local government or school districts. The budget shall

 

 

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1 also set forth the indebtedness and contingent liabilities of
2 the State and such other information as may be required by law.
3 Proposed expenditures shall not exceed funds estimated to be
4 available for the fiscal year as shown in the budget.
5     (b) The General Assembly by law shall make appropriations
6 for all expenditures of public funds by the State.
7 Appropriations for a fiscal year shall not exceed funds
8 estimated by the General Assembly to be available during that
9 year.
10     (c) Except upon a record vote of three-fifths of the
11 members elected to each house of the General Assembly, the
12 total aggregate appropriations for each fiscal year shall not
13 exceed the previous fiscal year's total aggregate
14 appropriations by the greater of 4% of the previous fiscal
15 year's total aggregate appropriations or a percentage
16 representing the sum of the percentage rate of inflation and
17 the percentage rate of the State's population growth since the
18 previous fiscal year. State revenues in excess of a fiscal
19 year's total aggregate appropriations as calculated under this
20 subsection shall be deposited into a rainy day fund within the
21 State treasury established and to be used for purposes provided
22 by law.
23 (Source: Illinois Constitution.)
 
24
SCHEDULE
25     This Constitutional Amendment takes effect upon being

 

 

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1 declared adopted in accordance with Section 7 of the Illinois
2 Constitutional Amendment Act.