IL HB3174 | 2023-2024 | 103rd General Assembly


Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 16 2023 - 25% progression
Action: 2023-02-17 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]


Amends the State Budget Law of the Civil Administrative Code. Provides that, beginning with the budget prepared for Fiscal Year 2025, the rate of growth of appropriations from the State general funds over the preceding fiscal year appropriations from the State general funds shall not exceed the rate of growth of the Illinois economy. Provides that the rate of growth of the Illinois economy is the compound annual growth rate of the gross domestic product in the State over the preceding 10 calendar years, calculated using data reported by the United States Bureau of Economic Analysis or its successor agency before December 31 immediately preceding the beginning of the applicable fiscal year.

Tracking Information

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2023-02-17HouseReferred to Rules Committee
2023-02-17HouseFirst Reading
2023-02-16HouseFiled with the Clerk by Rep. John Egofske

Code Citations

ChapterArticleSectionCitation TypeStatute Text
152050-5Amended CodeCitation Text

Illinois State Sources

Bill Comments