Illinois HB1410 establishes fiscal controls, including a spending freeze and pay-as-you-go requirements.

Illinois HB1410, the Taxpayers' Fiscal Charter Act, introduces fiscal controls to manage state spending. It mandates a freeze on discretionary spending for fiscal years 2026 and 2027, prohibiting the expansion of existing programs or creation of new ones. Starting in fiscal year 2028, new spending proposals must be accompanied by a proposed revenue source or specified cuts. The Act also prohibits unfunded mandates on local governments and school districts.

Illinois HB1410 establishes fiscal controls, including a spending freeze and pay-as-you-go requirements.

Illinois HB1410, the Taxpayers' Fiscal Charter Act, introduces fiscal controls to manage state spending. It mandates a freeze on discretionary spending for fiscal years 2026 and 2027, prohibiting the expansion of existing programs or creation of new ones. Starting in fiscal year 2028, new spending proposals must be accompanied by a proposed revenue source or specified cuts. The Act also prohibits unfunded mandates on local governments and school districts.