IL SB2200

Amends the Illinois Public Labor Relations Act to make an employer's financial ability to fund wage and benefit proposals based on existing available resources the primary consideration in arbitration of labor impasses for local government units, excluding assumptions about lines of credit, reserve funds, or new revenue sources.

Modifies the arbitration standards for security employees, peace officers, and firefighters by replacing the prior standard (interests and welfare of the public and government's financial ability) with the employer's financial ability based on existing available resources as the primary consideration.

Amends the Illinois Educational Labor Relations Act to require that when educational employers (other than Chicago school district) make wage and benefit determinations during interest arbitration, the employer's financial ability based on existing available resources shall be given primary consideration under the same restrictions regarding credit lines and new revenue.

Prohibits arbitrators from assuming employers have access to lines of credit, reserve funds, or will develop new revenue sources or increase existing revenue when evaluating the employer's ability to fund compensation proposals.