Illinois HB3014 amends the State Budget Law to adjust budget preparation and reporting requirements.
HB3014 modifies the State Budget Law by requiring the Governor to submit quarterly financial reports on operating funds, including itemizations of expenditures and obligations by agency. The reports must be posted on the Governor's Office of Management and Budget's website. Beginning with fiscal year 2027, the rate of growth of appropriations from the State general funds must not exceed the rate of growth of the Illinois economy.
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- Core Provisions
- Implementation
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- Legal Framework
- Critical Issues
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