HB3955 Summary

• Appropriates $898,225,300 total to the Department of Revenue for fiscal year beginning July 1, 2017: $100,864,300 from General Funds, $797,111,000 from Other State Funds, and $250,000 from Federal Funds

• Allocates $27,347,500 from Personal Property Tax Replacement Fund for state's shares of county attorneys', public defenders', assessors', treasurers', sheriffs', coroners', and auditors' salaries and compensation

• Distributes $469,100,000 to local governments and Chicago for sales tax and video gaming revenue allocations, plus $29,960,000 for rental housing support programs

• Appropriates $55,000,000 from Illinois Affordable Housing Trust Fund for down payment assistance, rental subsidies, and affordable housing development, plus $4,500,000-$15,000,000 for foreclosure prevention and abandoned property relief programs

• Takes effect July 1, 2017, only if Senate Bill 2063 (Unbalanced Budget Response Act) becomes law