Posted July 5, 2016

Prior to the beginning of Illinois’ FY17, the Illinois General Assembly passed an Emergency Stop Gap Budget that authorizes the State Comptroller to disburse state funds. The Comptroller’s authority to disburse state funds that had previously been authorized in incremental pieces of legislation expired with the beginning of the new fiscal year on July 1, 2016. The Emergency Stop Gap Budget totaling $50.6 billion does not include any tax hikes but provides money to continue state road construction projects, disperses federal funds & non General Revenue Funds dedicated for specific purposes and provides six months of funding for state government operations. The Stop Gap Budget also includes a full year education funding for K-12 thus allowing schools to open on schedule this fall. The General Assembly and the Governor agreed on the spending measures and the Governor has signed the legislative package into law. There are three substantive bills enacting the Stop Gap Budget coupled with HB 4678 which maximizes Federal Medicaid Reimbursement Programs and SB 2822 which provides for Chicago Pension Parity. See Emergency Stop Gap Agreement Legislative Tracking Report for more details. The General Assembly is scheduled to return to the Capitol on November 15, 2017 for the Fall Veto Session.