# Illinois HB4054: BUDGET-REVISE REVENUE FORECAST

Illinois HB4054, BUDGET-REVISE REVENUE FORECAST, is a 104th General Assembly (2025–2026) House bill sponsored by Norine K. Hammond (Republican); status in committee, last action 2025-05-14 (Referred to Rules Committee) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-HB4054-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois HB4054
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: BUDGET-REVISE REVENUE FORECAST
- Status: in committee
- Chamber: House
- Introduced: 2025-05-14
- Last action: 2025-05-14, Referred to Rules Committee
- Sponsor: Norine K. Hammond (Republican)
- Cosponsors: 0
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Amends the State Budget Law of the Civil Administrative Code of Illinois. Provides that, if the Governor revises the original general funds revenue estimate under his initial budget proposal downward and if the new revenue estimate would result in the Governor's initial proposed expenditures exceeding the estimated general revenue available for the upcoming fiscal year, then the Governor shall submit to the General Assembly a new budget proposal by no later than May 15. Effective immediately.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Norine K. Hammond (Republican), House

## Actions (3)

- 2025-05-14: Referred to Rules Committee (House)
- 2025-05-14: First Reading (House)
- 2025-05-14: Filed with the Clerk by Rep. Norine K. Hammond (House)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4054.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4054.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IL-HB4054-2025-2026 (as of 2026-11-01).