Bill > HB2686

This bill amends the State Finance Act and the State Revenue Sharing Act to make certain distributions from the State and Local Sales Tax Reform Fund and the Local Government Distributive Fund an irrevocable and continuing appropriation. Specifically, the bill removes language requiring legislative appropriation for certain monthly distributions to municipalities, the Regional Transportation Authority, the Madison County Mass Transit District, and the Build Illinois Fund. The bill clarifies that the State Treasurer and State Comptroller are authorized to make these distributions automatically each month. The key changes include removing the phrase "subject to appropriation" from several sections, which means these distributions will now happen automatically without needing separate legislative approval each time. For municipalities with over 1 million inhabitants, they will continue to receive 20% of funds to support affordable housing programs, while the remaining funds will be distributed to local governments based on population proportions. The bill aims to provide more predictable and streamlined funding mechanisms for local governments and transit districts, ensuring they receive their allocated funds more efficiently.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2686&GAID=18&DocTypeID=HB&SessionID=114&GA=104