Budget & Taxes

in committee · Illinois · Senate May 22, 2026

SB 2520: GRANT TRANSPARENCY-REPORT

Amends the Grant Accountability and Transparency Act. Provides that the Governor's Office of Management and Budget shall compile an annual budget implementation report. Provides that the report shall include the following information concerning each grant agreement entered into by a State awarding agency during the previous calendar year: (1) the total cost of each project; (2) detailed line items specified under guidelines issued by the Governor's Office of Management and Budget; and (3) a description specified purpose for the project. Requires the report to be submitted to the General Assembly and posted on the website of the Governor's Office of Management and Budget. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires detailed grant reporting to enhance budget transparency and fiscal accountability under fiscal management.90% confidence

Sub-Topics Audits & Accountability State Budget

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in committee · Illinois · Senate Feb 25, 2025

SB 2606: $STATE COMPTROLLER

SB 2606 is a funding bill that allocates specific amounts from various state funds to cover the salaries and operating expenses of the Office of the State Comptroller and numerous state executive branch officials for Fiscal Year 2026. It provides $32.4 million from the General Revenue Fund for the Comptroller's office (including $250,000 for the Inspector General), $1.5 million from the Comptroller's Administrative Fund, and smaller sums from other funds for lottery operations, court reporter payments, and state agency costs. The bill directly affects all elected and appointed state executive officials (such as the Governor, agency directors, and department heads) by funding their salaries and operational needs. It takes effect July 1, 2025, and contains no policy changes - only financial allocations for existing state operations.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $32.4M from General Revenue Fund to Comptroller's office for FY2026 operations, directly funding state fiscal management and government spending.95% confidence

Sub-Topics Audits & Accountability Revenue State Budget

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in committee · Illinois · Senate Feb 20, 2025

SB 261: INVEST IN KIDS-REENACT

SB 261 reenacts and makes permanent Illinois' Invest in Kids Act, which provides tax credits to Illinois taxpayers who contribute to scholarship granting organizations (SGOs). The bill directly affects Illinois taxpayers who make qualified contributions to SGOs, allowing them to claim a tax credit equal to their contribution. These contributions fund scholarships for eligible students from households with incomes up to 300% of the federal poverty level (rising to 400% after receiving a scholarship), who attend qualified non-public schools in Illinois. The legislation amends the Illinois Income Tax Act to make these tax credit provisions permanent, replacing a temporary program set to expire in 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits for SGO contributions, offering tax relief to contributors while funding scholarships for low-income students, aligning with tax relief and program funding indicators.95% confidence ✓ EducationSupports EducationProvides tax credits for SGO contributions funding scholarships for low-income students (up to 400% FPL), expanding educational access and funding through private scholarship programs.95% confidence

Sub-Topics School Choice Student Financial Aid

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in committee · Illinois · House Mar 21, 2025

HB 3338: REVENUE-PROP TX REPLACE

Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue, in consultation with the Governor's Office of Management and Budget, shall conduct a study to determine the feasibility of eliminating, by no later than January 1, 2030, the property tax system in the State and replacing that revenue with income tax receipts.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly studies replacing property tax with income tax, directly addressing tax structure and revenue generation for state budget.95% confidence

Sub-Topics Property Tax Revenue

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in committee · Illinois · House Feb 25, 2025

HB 3954: $TRS

HB 3954 allocates $7.05 billion from state funds to cover Illinois public school teachers' retirement contributions for the fiscal year beginning July 1, 2025. It specifies funding from the General Fund, Common School Fund, and Education Assistance Fund to pay the state's required contributions to teacher retirement systems, including health insurance support and minimum retirement allowances. The bill directly affects all Illinois public school teachers by ensuring state funding for their retirement benefits. This is a routine budgetary measure, not a policy change, with no new requirements for teachers or schools.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $7.05B from state funds to cover teacher retirement contributions, directly funding a public education program through General Fund appropriations.90% confidence ✓ EducationSupports EducationAllocates $7.05B state funds to cover public school teachers' retirement contributions, directly supporting educator compensation and retirement security in Illinois schools.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill allocates $7.05B to cover public school teachers' retirement contributions, directly expanding worker benefits and ensuring retirement security for educators.95% confidence

Sub-Topics Pensions Teachers

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in committee · Illinois · Senate Aug 5, 2025

SB 2086: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that, for taxable year 2025, the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is $75,000. Provides that, for taxable year 2026 and subsequent taxable years, the maximum income limitation shall be adjusted by the percentage increase, if any, in the Consumer Price Index. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief for low-income seniors by freezing assessments at income threshold, aligning with tax relief for vulnerable groups.95% confidence ✓ HousingSupports HousingProvides tax relief for low-income seniors, enabling housing stability through reduced property taxes under homestead exemption.95% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · Senate Feb 25, 2025

SB 2570: $INDEPENDENT TAX TRIBUNAL

Makes appropriations for the ordinary and contingent expenses of the Illinois Independent Tax Tribunal for the fiscal year beginning July 1, 2025, as follows: General Funds $628,300; Other State Funds $82,700; Total $711,000.

Topics ✓ Budget & TaxesSupports Budget & TaxesFunds Illinois Independent Tax Tribunal with $711,000 for fiscal year 2025, supporting tax dispute resolution and fiscal management.95% confidence

Sub-Topics Appropriations

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vetoed · Illinois · House Jun 16, 2026

HB 111: $FY 2027 BUDGET

House Bill 111 proposes to provide funding to the Department of Revenue. It appropriates $2 from the state's General Revenue Fund to cover the department's ordinary and contingent expenses for Fiscal Year 2026. This funding measure is set to take effect on July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $2 from General Revenue Fund for Department of Revenue operations, funding essential fiscal management and tax collection functions.95% confidence

Sub-Topics Appropriations Revenue State Budget

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in committee · Illinois · House Mar 21, 2025

HB 3038: INC TX-YOUTH AND GOVERNMENT

Amends the Illinois Income Tax Act. Creates the Illinois Youth and Government Fund. Provides that moneys in the Illinois Youth and Government Fund shall be used by the Department of Commerce and Economic Opportunity to make grants to support the Illinois YMCA Youth and Government program. Creates an income tax checkoff for contributions to the Illinois Youth and Government Fund. Amends the State Finance Act to make conforming changes. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax checkoff for youth program funding, establishing new tax-related funding stream for public program. Directly advances budget/tax mechanism for program support.92% confidence

Sub-Topics Income Tax

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in committee · Illinois · House Feb 18, 2025

HB 3147: INVEST IN KIDS-REENACT

HB 3147 reenacts and makes permanent Illinois' Invest in Kids Act, a tax credit program for education scholarships. It allows Illinois taxpayers to claim a credit on their state income tax for contributions to approved scholarship-granting organizations, which then provide funds to cover "necessary costs and fees" for eligible low-income students attending non-public schools. The program targets students from households earning under 300% of the federal poverty level (rising to 400% after receiving a scholarship), with specific focus on career-focused technical academies. The bill permanently extends this tax credit mechanism, which was previously set to expire, and amends tax code provisions to reflect the permanent status.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for education scholarships, directing state tax revenue toward low-income student funding, aligning with tax relief and public service support.95% confidence ✓ EducationSupports EducationBill creates permanent tax credits to fund scholarships for low-income students in non-public schools, expanding educational access and providing direct financial support to students and families.95% confidence

Sub-Topics School Choice Student Financial Aid

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