Budget & Taxes (State Budget)

in committee · Illinois · Senate Feb 25, 2025

SB 2602: $STATE TREASURER

SB 2602 is an appropriations bill that allocates specific funds to the Illinois State Treasurer's office for designated purposes. It directs $17.2 million from the Treasurer's Administrative Fund for operational expenses, $1 million for tax case interest refunds, $26.2 million from the State Pensions Fund for operations, and over $3.7 billion from the General Obligation Bond Retirement Fund to cover principal and interest on state bonds. Additional allocations include $1 million for arbitrage rebates, $1 million for charitable trust administration, and $500,000 for building maintenance. The bill takes effect July 1, 2025, and solely authorizes funding without creating new policy or directly affecting residents.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $3.7B+ for bond payments and tax refunds, ensuring fiscal responsibility and operational funding - directly advances budget management and tax administration.95% confidence

Sub-Topics Debt & Bonds State Budget

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in committee · Illinois · House Feb 25, 2025

HB 3942: $DOR

Makes appropriations for the ordinary and contingent expenses of the Department of Revenue for the fiscal year beginning July 1, 2025, as follows: General Funds $53,038,700; Other State Funds $1,411,072,700; Federal Funds $500,000; Total $1,464,611,400.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $1.46B to DOR for tax administration and fiscal management, directly funding essential budget operations.90% confidence

Sub-Topics Appropriations Revenue State Budget

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in committee · Illinois · House Mar 21, 2025

HB 1925: SCH-EDUCATION PRIORITIZATION

Creates the Education Prioritization Act. Beginning with fiscal year 2026, requires the General Assembly to appropriate for the evidence-based funding formula under the School Code an amount that is equal to or exceeds the sum of: (i) the total amount appropriated for the evidence-based funding formula during the fiscal year immediately preceding the fiscal year for which the appropriation is being made; and (ii) 51% of total new general funds available for spending from estimated growth in revenues and funds available because of budgeted program growth and decline in the fiscal year for which the appropriation is being made; but in no event shall the sum be less than a certain percentage required under the Act. Requires a continuing appropriation if the General Assembly fails to make sufficient appropriations to fund the evidence-based funding formula. Amends the School Code to make changes concerning a system for accounting for revenues and expenditures and evidence-based funding. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates annual funding increases for education via evidence-based formula, ensuring continued public service funding per appropriation requirements.95% confidence ✓ EducationSupports EducationBill mandates annual funding increases for evidence-based school formula by requiring appropriations to exceed prior year's amount plus 51% of new general funds, directly advancing school funding priorities.95% confidence

Sub-Topics State Budget School Funding

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in committee · Illinois · Senate Feb 11, 2025

SJRCA 2: CONAMEND-BUDGET FIRST

Proposes to amend the Legislature Article of the Illinois Constitution. Provides that the General Assembly shall pass a bill containing the State budget and present it to the Governor before the General Assembly considers any other bill.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires budget passage before other bills, promoting fiscal responsibility in state budget process85% confidence

Sub-Topics State Budget

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in committee · Illinois · House Feb 25, 2025

HB 3874: $SUPREME COURT-EXPENSES

Appropriates $628,298,600 to the Supreme Court for the ordinary and contingent expenses of the judicial system and various judicial programs. Effective July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $628M to Supreme Court for judicial expenses, funding essential government operations per budget allocation.95% confidence

Sub-Topics Appropriations State Budget

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in committee · Illinois · Senate Feb 25, 2025

SB 2547: $DOR

Makes appropriations for the ordinary and contingent expenses of the Department of Revenue for the fiscal year beginning July 1, 2025, as follows: General Funds $53,038,700; Other State Funds $1,411,072,700; Federal Funds $500,000; Total $1,464,611,400.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $1.46B for Department of Revenue operations, directly funding state tax administration and fiscal management per appropriation language.90% confidence

Sub-Topics Appropriations Revenue State Budget

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in committee · Illinois · House Jul 1, 2025

HB 175: $PROP TAX APP BD-TECH

HB 175 allocates $2 from the state's General Revenue Fund to the Property Tax Appeal Board. This funding is designated to cover the Board's ordinary operating costs and contingent expenses for the fiscal year beginning July 1, 2025. The bill provides financial support for the Board's functions related to property tax appeals.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $2 from General Revenue Fund to Property Tax Appeal Board for tax appeal operations, directly funding tax administration functions.90% confidence

Sub-Topics Revenue State Budget

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in committee · Illinois · House Jul 1, 2026

HB 1967: $DEPT REVENUE-TECH

HB 1967 appropriates $2 from the General Revenue Fund to the Department of Revenue. This funding is designated for the department's ordinary and contingent expenses for Fiscal Year 2026. The bill directly affects the Department of Revenue by providing it with these funds, and it is set to become effective on July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $2 from General Revenue Fund to Department of Revenue for FY2026 expenses, directly funding department operations per bill summary.95% confidence

Sub-Topics Revenue State Budget

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in committee · Illinois · Senate Feb 25, 2025

SB 2577: $PROPERTY TAX APPEAL BOARD

Makes appropriations for the ordinary and contingent expenses of the Property Tax Appeal Board for the fiscal year beginning July 1, 2025, as follows: Other State Funds $13,716,800.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates $13.7M in state funds for Property Tax Appeal Board operations, directly funding a tax administration body per budgetary appropriation.90% confidence

Sub-Topics Appropriations State Budget

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in committee · Illinois · Senate Dec 3, 2025

SB 1978: PROP TX-CIRCUIT BREAKER

Creates the Circuit Breaker Property Tax Relief Act. Provides that an individual who: (i) is domiciled in this State; (ii) is eligible for and receives either the general homestead exemption the general alternative homestead exemption; (iii) has experienced property tax bill spikes; and (iv) has an income that meets a specified income eligibility limitation is eligible for a grant of a portion of their bill spike. Provides that the maximum amount of grant to which a claimant is entitled is the one-half of the claimant's tax bill spike. Creates the Circuit Breaker Property Tax Relief Fund for the purpose of making grants to claimants. Amends the State Finance Act to make conforming changes. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief to low/middle-income homeowners with sudden tax spikes, reducing their burden under fiscal management.95% confidence

Sub-Topics Property Tax State Budget

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