SB3850 Summary

• Appropriates $1,457,310,200 total 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 salaries for state's attorneys, public defenders, county assessors, treasurers, sheriffs, and coroners.

• Appropriates $1,122,000,000 for distributions to local governments and Chicago for sales tax allocations, video gaming tax allocations, and senior citizens real estate tax deferral payments.

• Funds tax administration and enforcement operations across multiple funds including Motor Fuel Tax Fund ($12,678,000) and Tax Compliance and Administration Fund ($5,331,700).

• Establishes employee compensation totaling $77,248,100 for Personal Services, State Employees' Retirement System contributions, Social Security, and Group Insurance across Motor Fuel Tax and Personal Property Tax Replacement Funds, effective July 1, 2024.