Urges Congress to reject any proposals to raise the Social Security retirement age and instead focus on strengthening and securing the program to ensure it provides the necessary benefits to millions of Americans nationwide.
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that all surplus funds in the special tax allocation fund shall be distributed as soon as possible after they are calculated (rather than distributed annually within 180 days after the close of the municipality's fiscal year).
HB 1968 proposes to appropriate $2 from the General Revenue Fund to the Illinois State Police. These funds are designated to cover the department's ordinary and contingent expenses for Fiscal Year 2026, with an effective date of July 1, 2025.
Appropriates $2 from the General Revenue Fund to the Department of Veterans' Affairs for its FY26 ordinary and contingent expenses. Effective July 1, 2025.
Makes appropriations for the ordinary and contingent expenses of the Guardianship and Advocacy Commission for the fiscal year beginning July 1, 2025, as follows: General Funds $14,861,800; Other State Funds $2,997,900; Total $17,859,700.
Appropriates $1,500,000,000 from the General Revenue Fund to the Metropolitan Mobility Authority Additional Operating Funding Fund. Effective July 1, 2025.
Makes appropriations for the ordinary and contingent expenses of the Department of Transportation for the fiscal year beginning July 1, 2025, as follows: Other State Funds $4,899,739,695; Federal Funds $15,924,125; Total $4,915,663,820.
Amends the Property Tax Code. Provides that, for taxable year 2026, the maximum income limitation for the senior freeze shall be $73,700 for all qualified property (currently, $65,000). Provides that the maximum income limitation shall be adjusted each year according to the change in the Consumer Price Index for All Urban Consumers. Effective immediately.
Makes appropriations for the ordinary and contingent expenses of the Illinois Sports Facilities Authority for the fiscal year beginning July 1, 2025, as follows: Other State Funds $84,037,400.
Amends the Illinois Income Tax Act. Provides that, for taxable years ending on or after December 31, 2025, the maximum amount of the education expense credit is $1,500 (currently, $750). Effective immediately.