Amends the Budget Stabilization Act. Provides that, in addition to any other transfers that may be provided by law, the Comptroller shall transfer from the General Revenue Fund to the Pension Stabilization Fund the following amounts: $300,000,000 for Fiscal Year 2030; $400,000,000 for Fiscal Years 2031 through 2033; and $600,000,000 for Fiscal Years 2034 through 2049.
Appropriates $2 from the General Revenue Fund to the Office of the Executive Inspector General for the Treasurer for its FY26 ordinary and contingent expenses. Effective July 1, 2025.
Appropriates the sum of $8,620,000 from the General Revenue Fund to the Auditor General to meet the ordinary and contingent expenses of the Office of the Auditor General. Appropriates $35,592,488 to the Auditor General from the Audit Expense Fund for administrative and operations expenses and audits, studies, investigations, and expenses related to actuarial services. Effective July 1, 2025.
Amends the Fiscal Note Act, the Judicial Note Act, the State Debt Impact Note Act, the Correctional Budget and Impact Note Act, the Home Rule Note Act, the Balanced Budget Note Act, the Housing Affordability Impact Note Act, and the Racial Impact Note Act. Provides, in each of the affected Acts, that no rule of either house may authorize or require a note request to be deemed inapplicable. Effective immediately.
Urges the creation via legislation of the Illinois Commission on Fiscal Responsibility and Reform, whose purpose shall be to examine the extent to which current practices of the executive agencies either conform to or fall short of established laws, regulations and best practices, and to determine the fiscal impact which the State realizes as a result of falling short of compliance with such practices.
HB 4007 is a fiscal appropriations bill that allocates funding to the Illinois State Comptroller's office for the 2025 state fiscal year. It provides $32.4 million from the General Revenue Fund for the Comptroller's office operations, including $250,000 for the Office of Inspector General, and additional sums from other funds for court reporter payments, state lottery expenses, and salaries for elected and appointed state officials. The bill specifically funds existing state operations and salaries for over 40 state positions across departments like Human Services, Corrections, and the Illinois State Police. It does not create new programs but ensures continued funding for current administrative and personnel costs.
Amends the Grant Accountability and Transparency Act. Provides that the Governor's Office of Management and Budget shall compile an annual budget implementation report. Provides that the report shall include the following information concerning each grant agreement entered into by a State awarding agency during the previous calendar year: (1) the total cost of each project; (2) detailed line items specified under guidelines issued by the Governor's Office of Management and Budget; and (3) a description specified purpose for the project. Requires the report to be submitted to the General Assembly and posted on the website of the Governor's Office of Management and Budget. Effective immediately.
SB 2606 is a funding bill that allocates specific amounts from various state funds to cover the salaries and operating expenses of the Office of the State Comptroller and numerous state executive branch officials for Fiscal Year 2026. It provides $32.4 million from the General Revenue Fund for the Comptroller's office (including $250,000 for the Inspector General), $1.5 million from the Comptroller's Administrative Fund, and smaller sums from other funds for lottery operations, court reporter payments, and state agency costs. The bill directly affects all elected and appointed state executive officials (such as the Governor, agency directors, and department heads) by funding their salaries and operational needs. It takes effect July 1, 2025, and contains no policy changes - only financial allocations for existing state operations.
Appropriates the sum of $8,620,000 from the General Revenue Fund to the Auditor General to meet the ordinary and contingent expenses of the Office of the Auditor General. Appropriates $35,592,488 to the Auditor General from the Audit Expense Fund for administrative and operations expenses and audits, studies, investigations, and expenses related to actuarial services. Effective July 1, 2025.
Creates the Taxpayers' Fiscal Charter Act. Provides for a discretionary spending freeze for fiscal years 2026 and 2027. Sets forth requirements to increase discretionary spending beginning in fiscal year 2028. Requires any new spending proposed by the General Assembly in addition to existing obligations to be accompanied by a proposed source of revenue to pay for the proposed spending or specified cuts necessary to offset the proposed spending. Prohibits unfunded mandates. Requires the publishing of certain information before voting on or enacting an appropriations bill. Effective immediately.
