Bill Title: Proposes to amend the Finance Article of the Illinois Constitution. Limits each fiscal year's increase in total aggregate appropriations to the greater of 4% of the previous fiscal year's total aggregate appropriations or the sum of the rate of inflation and the State's population growth since the previous fiscal year. Requires that revenues in excess of a fiscal year's total aggregate appropriations must be deposited into a rainy day fund within the State treasury. Effective upon being declared adopted.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2014-05-03 - Tabled Pursuant to Rule 46 [HJRCA0045 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2014-02-06	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HJRCA0045

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HJRCA0045 currently on file.

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