Illinois 2023-2024 Regular Session

Illinois Senate Bill SB2449

Introduced

2/21/23

Refer

2/21/23

Caption

$FY23 CAPITAL

Impact

The reappropriation of such substantial funding is designed to support local governments and organizations in enhancing public facilities and boosting economic activities. By allocating funds for capital improvements, SB2449 facilitates immediate support for community projects and infrastructure that are essential for fostering growth within localities. This financial injection aims to improve public services and potentially create job opportunities through construction and development activities.

Summary

SB2449 is a significant piece of legislation aimed at reallocating funds from the Build Illinois Bond Fund for various grants and loans intended to stimulate economic development across Illinois. The bill outlines specific financial appropriations that total several million dollars, targeting a diverse range of projects that include capital improvements in schools, community centers, parks, and infrastructure enhancements.

Contention

While there is broad support for investment in public infrastructure and community resources, the allocation process may bring to light debate regarding the prioritization of projects and the distribution of funds. Some stakeholders may argue that specific areas or types of projects are overlooked, leading to discussions on equitable funding distribution. Others may express concerns about the ongoing financial commitment required for such grants and whether it may impact future state budgets or lead to resource constraints elsewhere.

Latest IL SB2449 Activity

View All Events: IL 2023-2024 Regular Session SB2449

Companion Bills

No companion bills found.

Previously Filed As

IL SB2613

$FY26 CAP

IL HB2964

Capital outlay; appropriations; FY2026

IL HB3959

$FY26 CAP

IL HB3407

REPEAL CAPITAL DEV BOARD

IL SF21

Omnibus Capital Investment bonds issued

IL HB2017

Appropriates money for capital improvements

IL HB2949

Capital outlay; appropriations; 2025-2026

IL HB2

Provides for the comprehensive Capital Outlay budget (Item #7)

IL HB0131

$GOV FY27 INTRO BUDGET

IL HB1002

Legacy Capital Financing Act; creating the Legacy Capital Financing Fund; placing with the Capitol Improvement Authority; limiting uses; recapitalization payments; schedule; emergency.

Similar Bills

MD SB282

Budget Bill (Fiscal Year 2027)

MD HB390

Budget Bill (Fiscal Year 2027)

MD HB0390

Budget Bill (Fiscal Year 2027)

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

PA HB1330

To provide appropriations from the General Fund for the expenses of certain agencies of the Executive Department for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.

PA SB160

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB1220

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026.