95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB1534

 

Introduced 2/9/2007, by Sen. Christine Radogno - Frank C. Watson - Pamela J. Althoff - Dave Syverson, Gary G. Dahl, et al.

 

SYNOPSIS AS INTRODUCED:
 
15 ILCS 20/50-30 new
25 ILCS 50/1   from Ch. 63, par. 42.31

    Amends the State Budget Law. Requires the Governor's budget to include projections of revenues and expenditures for the 5 following fiscal years. Sets forth requirements for the projections. Requires the budget for the next fiscal year to set forth new or expanded expenditures of $1,000,000 or more. Requires the Governor's Office of Management and Budget to review previous projections and compare them to actual receipts and expenditures. Requires the Governor to submit 5-year projections for expenditures not included in the Governor's initial budget before the General Assembly approves appropriation bills. Contains other provisions. Amends the Fiscal Note Act to require a 5-year projection of expenditures if the note indicates an increase of expenditures of $1,000,000 or more. Effective immediately.


LRB095 08175 RCE 28340 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB1534 LRB095 08175 RCE 28340 b

1     AN ACT concerning State government.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The State Budget Law of the Civil Administrative
5 Code of Illinois is amended by adding Section 50-30 as follows:
 
6     (15 ILCS 20/50-30 new)
7     Sec. 50-30. Long-Term Planning Law.
8     (a) The Governor's budget shall include projections of
9 revenues and expenditures for each of the 5 fiscal years
10 following the fiscal year for which the budget is submitted.
11 These projections shall include aggregates of all revenues and
12 all expenditures, and separate aggregate projections for
13 revenues and expenditures from general funds. These revenue
14 projections shall include separate projections for the
15 principal sources of revenues, including personal income tax,
16 corporate income tax, occupation and use tax, public utilities
17 tax, federal reimbursements, riverboat gaming, and lottery.
18 The projections shall include an aggregate of all expenditures
19 and separate projections for the principal areas of spending,
20 including elementary and secondary education, higher
21 education, Medicaid, public safety, and transportation. The
22 projections shall include an explanation of any increases not
23 due to anticipated natural growth in revenues and expenditures.

 

 

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1     (b) The Governor's budget for the next fiscal year shall
2 separately set forth any proposals for any new or expanded
3 expenditures that reflect an expansion of eligibility or scope
4 of services and an increase of $1,000,000 or more over the
5 current fiscal year's expenditures for the same or related
6 programs. Five-year projections for these new or expanded
7 expenditures and their related revenues shall be separately set
8 forth.
9     (c) The Governor's Office of Management and Budget shall
10 submit an annual review of prior projections required by
11 subsections (a) and (b), showing comparisons to actual revenues
12 and expenditures. This review shall be submitted to the General
13 Assembly 30 days after the submission of the Governor's budget
14 for the next fiscal year. The review shall include projections
15 for the previous 5 fiscal years prepared as required by this
16 Act.
17     (d) Prior to General Assembly approval of appropriation
18 bills, the Governor shall submit to the General Assembly 5-year
19 projections of revenues and expenditures for any new or
20 expanded expenditures as described in subsection (b) that are
21 authorized by the appropriation bills but were not included in
22 the Governor's initially submitted budget. Updated projections
23 also shall be submitted by the Governor prior to General
24 Assembly approval of appropriations for any new or expanded
25 expenditures as described in subsection (b) that are materially
26 changed from the Governor's initial proposals.
 

 

 

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1     Section 10. The Fiscal Note Act is amended by changing
2 Section 1 as follows:
 
3     (25 ILCS 50/1)  (from Ch. 63, par. 42.31)
4     Sec. 1. Every bill, except those bills making a direct
5 appropriation, (1) the purpose or effect of which is (i) to
6 expend any State funds or to increase or decrease the revenues
7 of the State, either directly or indirectly, or (ii) to require
8 the expenditure of their own funds by, or to increase or
9 decrease the revenues of, units of local government, school
10 districts or community college districts, or to revise the
11 distribution of State funds among units of local government,
12 school districts, or community college districts, either
13 directly or indirectly, or (2) that amends the Mental Health
14 and Developmental Disabilities Code or the Developmental
15 Disability and Mental Disability Services Act shall have
16 prepared for it prior to second reading in the house of
17 introduction a brief explanatory statement or note which, for a
18 bill under item (1), shall include a reliable estimate of the
19 anticipated change in State, local governmental, school
20 district, or community college district expenditures or
21 revenues under its provisions and, for a bill under item (2),
22 shall include a reliable estimate of the fiscal impact of its
23 provisions upon community agencies. For purposes of this Act,
24 indirect revenues include, but are not limited to, increased

 

 

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1 tax revenues or other increased revenues resulting from
2 economic development, job creation, or cost reduction. The
3 statement or note shall also include an explanation of the
4 methodology used to determine the estimated direct and indirect
5 costs or estimated impact on community agencies. Any notes for
6 bills having a fiscal impact on units of local government,
7 school districts or community college districts shall include
8 such cost estimates as may be required under the State Mandates
9 Act.
10     If a bill authorizes capital expenditures or appropriates
11 funds for capital expenditures, a statement shall be prepared
12 by the Governor's Office of Management and Budget specifying by
13 year any principal and interest payments required to finance
14 such capital expenditures.
15     If a bill authorizes the issuance of bonds, a statement or
16 note shall be prepared by the Governor's Office of Management
17 and Budget specifying the estimated total principal and
18 interest payments (assuming interest is paid at a fixed rate)
19 if all of the bonds authorized were issued. The statement or
20 note shall include the total principal on all other
21 then-outstanding Bonds of the State.
22     These statements or notes shall be known as "fiscal notes".
23     Every fiscal note prepared under this Act that includes an
24 estimate of an expenditure of funds in excess of $1,000,000 or
25 more over the current fiscal year's expenditures for the same
26 or related programs shall also contain projections of

 

 

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1 expenditures for each of the 5 fiscal years following the next
2 fiscal year.
3 (Source: P.A. 92-567, eff. 1-1-03; 93-839, eff. 7-30-04.)
 
4     Section 99. Effective date. This Act takes effect upon
5 becoming law.