Bill Text: IL HR0531 | 2015-2016 | 99th General Assembly | Introduced
Bill Title: Urges the members of the General Assembly to not implement any cuts to State aid to municipalities unless those cuts are matched by equally proportionate reductions in fees for financial services paid by State agencies, including fees for all financial services, including cash management, investment management, and debt management. Urges all State agencies to request that the firms that provide them financial services reduce fees by an equally proportionate amount if the General Assembly cuts State aid to municipalities and to not make any payments to firms that refuse to reduce fees for financial services by the set amount until they have first met all of their other financial obligations, including fully funding public services and State aid to municipalities, paying workers, making pension fund contributions, and paying other legitimate bills.
Spectrum: Partisan Bill (Democrat 18-0)
Status: (Passed) 2015-05-30 - Resolution Adopted [HR0531 Detail]
Download: Illinois-2015-HR0531-Introduced.html
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1 | HOUSE RESOLUTION
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2 | WHEREAS, Illinois taxpayers spend hundreds of millions of | ||||||
3 | dollars each year on fees for financial services, which | ||||||
4 | contributes to the State's financial distress; and
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5 | WHEREAS, Fees for financial services are typically | ||||||
6 | arbitrary and bear no reasonable relationship to the costs that | ||||||
7 | firms incur for providing those services; and
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8 | WHEREAS, Every dollar that the State of Illinois and its | ||||||
9 | departments, authorities, agencies, and pension funds ("State | ||||||
10 | agencies") spend on financial services is a dollar that is not | ||||||
11 | available for funding essential public services like education | ||||||
12 | and healthcare; and
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13 | WHEREAS, The Governor has proposed $6.6 billion in funding | ||||||
14 | cuts; therefore, be it
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15 | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE | ||||||
16 | NINETY-NINTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we | ||||||
17 | urge the members of the General Assembly to not implement any | ||||||
18 | cuts to State aid to municipalities unless those cuts are | ||||||
19 | matched by equally proportionate reductions in fees for | ||||||
20 | financial services paid by State agencies, including fees for | ||||||
21 | all financial services, including cash management, investment |
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1 | management, and debt management; and be it further
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2 | RESOLVED, That, if the General Assembly cuts State aid to | ||||||
3 | municipalities, we urge all State agencies to request that the | ||||||
4 | firms that provide them financial services reduce fees by an | ||||||
5 | equally proportionate amount; and be it further
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6 | RESOLVED, That we urge State agencies to not make any | ||||||
7 | payments to firms that refuse to reduce fees for financial | ||||||
8 | services by the set amount until they have first met all of | ||||||
9 | their other financial obligations, including fully funding | ||||||
10 | public services and State aid to municipalities, paying | ||||||
11 | workers, making pension fund contributions, and paying other | ||||||
12 | legitimate bills.
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