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 Bill Status of SJRCA0021  100th General Assembly


Short Description:  REVENUE/FINANCE INCREASES

Senate Sponsors
Sen. Matt Murphy

Last Action
DateChamber Action
  1/13/2015SenateSession Sine Die
 
ILCON Art. IV, Sec. 8.1 new 
 
ILCON Art. VIII, Sec. 2 


Synopsis As Introduced
Proposes to amend the Legislature Article of the Illinois Constitution concerning the passage of revenue bills. A bill that would result in the increase of revenue may become law only with the concurrence of two-thirds of the members elected to each house of the General Assembly. Proposes to amend the Finance Article of the Illinois Constitution concerning the State budget. Provides that the rate of growth in total State expenditures in any fiscal year over the prior fiscal year is limited to: (i) the percentage increase in the annual rate of increase, for the previous calendar year, of the Consumer Price Index; plus (ii) the rate of increase in the State's population for the same 12-month period. Requires the State to maintain a reserve fund equal to 3% of the enacted budget for the prior fiscal year. Effective on being declared adopted in accordance with Section 7 of the Illinois Constitutional Amendment Act.

Actions 
DateChamber Action
  2/15/2013SenateFiled with Secretary
  2/15/2013SenateReferred to Assignments
  3/28/2014SenateAssigned to Executive
  3/28/2014SenateTo Subcommittee on Constitutional Amendments
  1/13/2015SenateSession Sine Die

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