IL HR0055

Urges the General Assembly to adopt a 2-year budget planning document covering fiscal years 2020 and 2021 that accounts for spending already incurred and controls remaining fiscal year 2019 spending.

Directs the Commission on Government Forecasting and Accountability and the Governor's Office of Management and Budget to develop a consolidated revenue estimate for fiscal years 2020 and 2021, to be presented to both chambers within 30 days of resolution adoption.

References Illinois's lack of budgets for fiscal years 2016 and 2017, which resulted in spending without legislative participation and brought the state to the brink of financial disaster.

Cites examples of other states including Nebraska, Ohio, Texas, and Indiana that successfully use 2-year spending plans or biennial budgeting.

Pledges resolution sponsors to use the consolidated revenue estimate to develop a 2-year state budget and financial planning document aimed at ending the cycle of reactive emergency measures and budget court orders.