IllinoisHB5785104th General Assembly (2025–2026)House

LOCAL GOV SURPLUS FUNDS ACT

Sponsored By: Dan Ugaste

In Committee

Summary

Creates the Local Government Surplus Funds Limitation Act. Provides that no taxing district, other than a municipality with a population of less than 10,000 inhabitants, may hold more than 200% of the amount of the municipality's tax collections from the previous fiscal year in cash or cash-equivalent assets. Provides that, if, at the end of any fiscal quarter, the taxing district has more than that amount in cash or cash-equivalent assets, then the excess amount shall be refunded to taxpayers pro rata based on each taxpayer's percentage of the total levy for the previous year. Preempts the concurrent exercise of home rule powers. Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Dan Ugaste

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Referred to Rules Committee

    5/20/2026House
  2. First Reading

    5/20/2026House
  3. Filed with the Clerk by Rep. Dan Ugaste

    5/20/2026House

Bill Text

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