90th General Assembly
Summary of HB0037
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House Sponsors:

Short description: 
OPEN BUDGETS ACT                                                           

Synopsis of Bill as introduced:
        Creates  the  Illinois  Open  Budgets  Act.   Provides  that  the      
   Governor shall present a State budget to the General Assembly  on  the      
   first  Wednesday  in  March  of  each  year.  Specifies elements to be      
   included in the  budget.   Provides  that  each  State  agency,  State      
   college  and university, and public and quasi-public corporation shall      
   submit, by January 1, a budget  request  for  the  next  fiscal  year.      
   Provides  that  the  Bureau  of the Budget and the Economic and Fiscal      
   Commission shall produce, by January 15, a revenue  estimate  for  the      
   next fiscal year.  Provides that the Governor shall submit recommended      
   appropriations  with  the  budget.  Creates a Budget Advisory Panel to      
   oversee development of accountability reports (and repeals language in      
   the Civil Administrative Code pertaining to a Budget Advisory  Panel).      
   Creates  an  Open  Budget  Conference  to  approve  certain  forms and      
   procedures.  Repeals language  in  the  State  Finance  Act  regarding      
   preparation   and   introduction  of  appropriation  bills.  Effective      
          FISCAL NOTE (Bureau of Budget)                                       
          The major financial issue raised by HB 37 is the requirement         
          that the Budget maintain sufficient balances to pay all Section      
          25 liabilities.The Comptroller reports FY96 Section 25 liabili-      
          ties of $888.5 M. Assuming these grow with the budget, HB 37         
          would require the Governor to recommend a FY98 balance of            
          approximately $975 M rather than $400 M and to reduce appro-         
          priations for programs by approximately $575 M.                      
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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