REVENUE ESTIMATING COUNCIL Senate SponsorsSen. Jeffrey M. Schoenberg-Deanna Demuzio-Mattie Hunter-John O. Jones-Dan Kotowski, Susan Garrett, Michael Bond, Ira I. Silverstein and Dan Cronin House Sponsors(Rep. Kenneth Dunkin) 1/13/2009SenateSession Sine Die 15 ILCS 20/50-5was 15 ILCS 20/3815 ILCS 20/50-5.5 new25 ILCS 155/4from Ch. 63, par. 344Amends the State Budget Law of the Civil Administrative Code of Illinois and the Commission on Government Forecasting and Accountability Act. Creates a Revenue Estimating Council consisting of the Governor, the State Comptroller, and the co-chairs of the Commission on Government Forecasting and Accountability. Beginning in 2009, requires the Council to estimate the State's revenues and fund availability and to report and update the estimates to the Governor and General Assembly. Effective immediately.Senate Floor Amendment No. 1 Deletes reference to:25 ILCS 155/4Removes the requirement that the General Assembly approve the Council's report by adoption of a joint resolution. Provides that the General Assembly may disapprove the Council's report by adoption of a resolution in either house. Removes the requirement that a fiscal year's appropriations not exceed the estimates contained in the General Assembly's joint resolution. Requires the Council to issue its report by each February 1 (now, January 1) and to revise its estimates by each May 1 (now, April 15). 2/14/2008SenateFiled with Secretary by Sen. Jeffrey M. Schoenberg 2/14/2008SenateFirst Reading 2/14/2008SenateReferred to Rules 2/27/2008SenateAssigned to State Government and Veterans Affairs 3/4/2008SenateAdded as Chief Co-Sponsor Sen. Deanna Demuzio 3/4/2008SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter 3/5/2008SenateAdded as Chief Co-Sponsor Sen. John O. Jones 3/5/2008SenateAdded as Chief Co-Sponsor Sen. Dan Kotowski 3/6/2008SenateDo Pass State Government and Veterans Affairs; 009-000-000 3/6/2008SenatePlaced on Calendar Order of 2nd Reading March 11, 2008 3/6/2008SenateAdded as Co-Sponsor Sen. Susan Garrett 3/6/2008SenateAdded as Co-Sponsor Sen. Michael Bond 3/12/2008SenateSecond Reading 3/12/2008SenatePlaced on Calendar Order of 3rd Reading March 13, 2008 4/2/2008SenateAdded as Co-Sponsor Sen. Ira I. Silverstein 4/8/2008SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Jeffrey M. Schoenberg 4/8/2008SenateSenate Floor Amendment No. 1 Referred to Rules 4/9/2008SenateSenate Floor Amendment No. 1 Rules Refers to State Government and Veterans Affairs 4/10/2008SenateSenate Floor Amendment No. 1 Recommend Do Adopt State Government and Veterans Affairs; 007-000-000 4/10/2008SenateRecalled to Second Reading 4/10/2008SenateSenate Floor Amendment No. 1 Adopted; Schoenberg 4/10/2008SenatePlaced on Calendar Order of 3rd Reading April 15, 2008 4/10/2008SenateAdded as Co-Sponsor Sen. Dan Cronin 4/16/2008SenateThird Reading - Passed; 059-000-000 4/17/2008HouseArrived in House 4/17/2008HousePlaced on Calendar Order of First Reading 4/17/2008HouseChief House Sponsor Rep. Kenneth Dunkin 4/17/2008HouseFirst Reading 4/17/2008HouseReferred to Rules Committee 1/13/2009SenateSession Sine Die