DART-LANG-LYONS,JOSEPH-SCOTT AND BUGIELSKI.
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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
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