Full Text of SB1534 95th General Assembly
SB1534 95TH GENERAL ASSEMBLY
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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: |
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15 ILCS 20/50-30 new |
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25 ILCS 50/1 |
from Ch. 63, par. 42.31 |
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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.
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| FISCAL NOTE ACT MAY APPLY | |
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A BILL FOR
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SB1534 |
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LRB095 08175 RCE 28340 b |
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| AN ACT concerning State government.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| 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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LRB095 08175 RCE 28340 b |
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| (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.
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| (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.
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| (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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LRB095 08175 RCE 28340 b |
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| Section 10. The Fiscal Note Act is amended by changing | 2 |
| Section 1 as follows:
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| (25 ILCS 50/1) (from Ch. 63, par. 42.31)
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| 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
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| 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,
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| 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),
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| shall include a reliable estimate of the fiscal impact of its | 23 |
| provisions upon
community agencies.
For purposes of this Act,
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| indirect revenues
include, but are not limited to, increased |
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| 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
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| 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.
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| 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.
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| 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.
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| These statements or notes shall be known as "fiscal notes".
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| 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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LRB095 08175 RCE 28340 b |
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| expenditures for each of the 5 fiscal years following the next | 2 |
| fiscal year.
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| (Source: P.A. 92-567, eff. 1-1-03; 93-839, eff. 7-30-04.)
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| Section 99. Effective date. This Act takes effect upon | 5 |
| becoming law.
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