HB5692 Summary

• Appropriates $1,457,310,200 to the Department of Revenue for fiscal year beginning July 1, 2024, comprised of $53,038,700 in General Funds, $1,403,771,500 in Other State Funds, and $500,000 in Federal funds.

• Allocates $33,580,300 from the Personal Property Tax Replacement Fund for state's share of county salaries including state's attorneys, public defenders, assessors, treasurers, sheriffs, and coroners.

• Provides $77,000,000 from Motor Fuel Tax Fund ($32,000,000 for reimbursement to Interstate Fuel Tax Agreement member states and $45,000,000 for refunds) and $1,090,000,000 from various state and local tax distribution funds for allocations to Chicago and local governments.

• Appropriates funds for tax administration and enforcement operations including contractual services, electronic data processing, and telecommunications from multiple funds including Motor Fuel Tax Fund, Tax Compliance and Administration Fund, and Personal Property Tax Replacement Fund.

• Appropriates separate amounts for employee compensation including personal services ($24,070,600 to $17,491,000), state retirement contributions, Social Security contributions, and group insurance across multiple department functions and funding sources.