Illinois House of Representatives bill in Session 104.
Status: in_committee. Latest action: January 28, 2025.
TAXPAYER FISCAL CHARTER ACT.
Creates the Taxpayers' Fiscal Charter Act. Provides for a discretionary spending freeze for fiscal years 2026 and 2027. Sets forth requirements to increase discretionary spending beginning in fiscal year 2028. Requires any new spending proposed by the General Assembly in addition to existing obligations to be accompanied by a proposed source of revenue to pay for the proposed spending or specified cuts necessary to offset the proposed spending. Prohibits unfunded mandates. Requires the publishing of certain information before voting on or enacting an appropriations bill. Effective immediately.
| Date | Event | Detail |
|---|---|---|
| 2025-01-28 | Introduced | Bill introduced |
| 2025-01-28 | Status | in_committee |
| 2025-01-28 | Latest Action | 1/28/2025 - House: |