Budget & Taxes

Amends the Deposit of State Moneys Act and the Public Funds Investment Act. Provides that the State Treasurer or any public agency may consider the current and historical ratings that a financial institution has received under the Illinois Community Reinvestment Act when deciding whether to deposit State or public funds in that financial institution. Provides that, effective January 1, 2026, no State or public funds may be deposited in a financial institution subject to the Illinois Community Reinvestment Act unless either (i) the institution has a current rating of satisfactory or outstanding under the Illinois Community Reinvestment Act or (ii) the Department of Financial and Professional Regulation has not yet completed its initial examination of the institution pursuant to the Illinois Community Reinvestment Act. Makes conforming changes. Effective January 1, 2026.

House Bill 111 proposes to provide funding to the Department of Revenue. It appropriates $2 from the state's General Revenue Fund to cover the department's ordinary and contingent expenses for Fiscal Year 2026. This funding measure is set to take effect on July 1, 2025.

Requires the Department of Agriculture to create a grant program to award grants of up to $250,000, subject to appropriation, to cover the costs and labor of any qualified applicant farmer to distribute healthy, free food to expectant mothers in need who reside in the same county or in a municipality within 20 miles of the farmer's farm, with certain requirements. Requires the Department to adopt rules. Defines terms.

This Illinois House Resolution (HR 620) calls on Congress to reinstate healthcare subsidies that were part of the Inflation Reduction Act of 2022, which expired on January 1, 2026. It directly addresses Illinois residents, small businesses, and self-employed individuals who rely on the Get Covered Illinois marketplace, as they face significantly higher premiums and deductibles without these subsidies. The resolution requests immediate action to reverse the expiration of these cost-saving subsidies, which the bill claims would prevent up to 140,000 Illinoisans from affording coverage. Note: The resolution inaccurately attributes the subsidy expiration to former President Trump; the Inflation Reduction Act was enacted under President Biden, and subsidies expired due to legislative inaction, not Trump's policies. This is a symbolic resolution, not a binding law.

Creates the Small Farmer Restoration Program Act. Creates the Small Farmer Restoration Program Fund as a special fund in the State treasury. Provides that the moneys in the Fund, upon appropriation by the General Assembly, shall be used for the purposes of the program, which include grants for the purchase of agricultural conservation easements, technical assistance grants, technical assistance provided by the Department of Agriculture, and administrative costs incurred by the Department in administering the program. Provides that moneys may be deposited into the Fund from federal grants and gifts and donations that are designated and required by the donor to be used exclusively for the purposes of the program. Provides that not more than 10% of available funds under the Act may be used for technical assistance purposes and administration. Provides that not less than 90% of funds available for grants under the Act shall be expended for the acquisition of agricultural conservation easements. Provides that moneys in the Fund shall also be available for the following purposes: (1) to provide technical assistance grants to qualified entities in support of socially disadvantaged farmers who are seeking access to farmland; and (2) to provide grants for the purchase of agricultural conservation easements to qualified easement holders. Provides that moneys from the Fund shall be available in each fiscal year to any qualified easement holder having made an application that has been reviewed by the Department. Provides that subject to appropriation and in partnership with the University of Illinois Extension, the Department shall establish the Farm Conservation Corps to provide residents between the ages of 18 and 29 from socially disadvantaged groups the academic, vocational, and social skills necessary to pursue long-term and productive careers in agriculture. Provides that the Department shall adopt rules to carry out the provisions of the Act, including the adoption of rules that establish a process for submitting and processing of applications for grants no later than December 31, 2026. Provides that rules shall align with existing federal and local programs to maximize potential for matching funds. Amends the State Finance Act to make conforming changes. Effective immediately.

Urges the State to increase reimbursement rates, state grants and contracts, and the minimum overhead allowance to meet the rising costs of providing essential human services in Illinois and supporting the workers who deliver those services.

Creates the State Agency and Grantee Bonus Prohibition Act. Provides that no State agency or hospital shall pay from State funds, in whole or in part, and no employee of a State agency or hospital may receive a bonus as all or part of his or her compensation, including such bonuses as may be received for work on capital projects. Provides that no grantee shall pay, and no employee or contract worker of a grantee may receive, a bonus paid from grant funds awarded for operational expenses as all or part of his or her compensation, including such bonuses as may be received for work on capital projects. Provides that State agencies who use bonuses paid to State employees shall provide an annual report to the General Assembly itemizing each bonus awarded, including the amount of the bonuses awarded, the purpose of the bonus, the position of the employees to whom bonuses were awarded, and the overall agency fiscal impact for the bonuses awarded in the prior fiscal year. Effective immediately.