Spending Cap

BETA
Introduced Feb 24, 2021
Status: Introduced

68%

32%

Summary

Limits growth in state spending to historical growth in the state’s economy. Allows for responsible growth in state spending, while also protecting taxpayers from onerous tax hikes by tying growth in state spending to the expected natural increase in revenues. In enacted, Illinois would join 27 other states that currently have tax or spending limits.

Last Action

Referred to Assignments