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Home > Illinois > SB1534
Chief Sponsor:

Christine Radogno

Tagged in: Appropriation, General Assembly

Latest Update: Tuesday, December, 02nd 2008

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BUDGET/LONG-TERM PLANNING

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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Latest Actions
  • 03/05/2007 - Added as Co-Sponsor Sen. Dan Rutherford
  • 02/09/2007 - Co-Sponsor Sen. Kirk W. Dillard
  • 02/09/2007 - Co-Sponsor Sen. John J. Millner
  • 02/09/2007 - Co-Sponsor Sen. J. Bradley Burzynski
  • 02/09/2007 - First Reading

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Bill Text
File name Last Updated
SB1534 Bill Text Introduced PDF07/03/2007