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COMMISSION ON GOVERNMENT FORECASTING AND ACCOUNTABILITY PENSION IMPACT NOTE 95TH GENERAL ASSEMBLY BILL NO:HE 4469SPONSOR (S):Mitchell, JerrySYSTEM(S):State Employees Retirement System February 14,
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The state of Illinois budget is the financial plan outlining the state's estimated revenues and expenditures for a specific period of time.
The Governor of Illinois is required to submit the state budget to the General Assembly for approval.
The Governor, in consultation with various state agencies, prepares the state budget outlining revenues and expenditures.
The purpose of the state of Illinois budget is to allocate resources, prioritize spending, and ensure financial stability for the state.
The state of Illinois budget must include revenue projections, expenditure breakdowns by department, and any proposed changes to funding allocations.
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