Bill Text: IL SB1983 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the Commission on Government Forecasting and Accountability Act. Provides that the Commission on Government Forecasting and Accountability shall publish a quarterly report (currently, one report at the convening of each regular session of the General Assembly) on the estimated income of the State from all applicable revenue sources for the next ensuing fiscal year and of any other funds estimated to be available for such fiscal year. Provides that upon each report, the Commission shall issue a revised and updated set of revenue figures reflecting the latest available information. Makes conforming changes.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2021-01-13 - Session Sine Die [SB1983 Detail]

Download: Illinois-2019-SB1983-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 SB1983 Introduced 2/15/2019, by Sen. Dan McConchie SYNOPSIS AS INTRODUCED:
25 ILCS 155/4 from Ch. 63, par. 344
Amends the Commission on Government Forecasting and Accountability Act. Provides that the Commission on Government Forecasting and Accountability shall publish a quarterly report (currently, one report at the convening of each regular session of the General Assembly) on the estimated income of the State from all applicable revenue sources for the next ensuing fiscal year and of any other funds estimated to be available for such fiscal year. Provides that upon each report, the Commission shall issue a revised and updated set of revenue figures reflecting the latest available information. Makes conforming changes.
LRB101 09193 RJF 54287 b
A BILL FOR
SB1983 LRB101 09193 RJF 54287 b
AN ACT concerning State government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Commission on Government Forecasting and
Accountability Act is amended by changing Section 4 as follows:
(25 ILCS 155/4) (from Ch. 63, par. 344)
Sec. 4. (a) The Commission shall publish, at the convening
of each regular session of the General Assembly, a quarterly
report on the estimated income of the State from all applicable
revenue sources for the next ensuing fiscal year and of any
other funds estimated to be available for such fiscal year.
Upon each report, the Commission shall issue a revised and
updated set of revenue figures reflecting the latest available
information. The Commission, in its discretion, may consult
with the Governor's Office of Management and Budget in
preparing each the report. On the third Wednesday in March
after the session convenes, the Commission shall issue a
revised and updated set of revenue figures reflecting the
latest available information. The House and Senate by joint
resolution shall adopt or modify such estimates as may be
appropriate. The joint resolution shall constitute the General
Assembly's estimate, under paragraph (b) of Section 2 of
Article VIII of the Constitution, of the funds estimated to be

SB1983 - 2 - LRB101 09193 RJF 54287 b
available during the next fiscal year.
(b) On the third Wednesday in March, the Commission shall
issue estimated:
(1) pension funding requirements under P.A. 86-273;
and
(2) liabilities of the State employee group health
insurance program.
These estimated costs shall be for the fiscal year
beginning the following July 1.
(c) The requirement for reporting to the General Assembly
shall be satisfied by filing copies of the report as required
by Section 3.1 of the General Assembly Organization Act, and
filing such additional copies with the State Government Report
Distribution Center for the General Assembly as is required
under paragraph (t) of Section 7 of the State Library Act.
(Source: P.A. 100-1148, eff. 12-10-18.)