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SB 2433

Guaranteed income program with unconditional cash payments; prohibit local governments from implementing.

2025 Regular Session Introduced by Angela Hill

Provides FY2026 operating funds totaling 32,207,000 to the Illinois Mathematics and Science Academy from two state funds.

Died In Committee
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Bill Summary · SB 2433

Summary — SB 2433 (104th General Assembly, 2025-2026)

Bill number: SB 2433
Introduced: Feb 7, 2025 (Sen. Karina Villa)
Status: Died in Committee (as provided)
Effective date (if enacted): July 1, 2025
Subject areas (per document): Appropriations; Illinois Mathematics and Science Academy (IMSA)

Note on discrepancy: The bill title supplied with your request (about a guaranteed income prohibition for local governments) does not match the text of the introduced bill. The introduced version of SB 2433 is an appropriations bill for the Illinois Mathematics and Science Academy. This summary reflects the bill text as introduced.

Purpose / Intent

Provide FY2026 operating funds to the Illinois Mathematics and Science Academy (IMSA) by appropriating specific amounts from two state funds to meet IMSA’s ordinary and contingent expenses for the fiscal year ending June 30, 2026.

Key provisions

  • Appropriates $26,282,000 (or so much as may be necessary) from the Education Assistance Fund to the Illinois Mathematics and Science Academy for ordinary and contingent expenses for the fiscal year ending June 30, 2026.
  • Appropriates $5,925,000 (or so much as may be necessary) from the IMSA Income Fund to the Illinois Mathematics and Science Academy for the same fiscal year and purposes.
  • Effective date clause: the Act would take effect July 1, 2025.

Fiscal impact

  • Total appropriations specified: $32,207,000 (sum of the two line items), subject to the "or so much as may be necessary" clause.
  • Funds are drawn from: (1) the Education Assistance Fund and (2) the IMSA Income Fund (a dedicated fund associated with IMSA revenues).
  • These are operating/maintenance appropriations to support IMSA’s ordinary and contingent expenses for FY2026.

Who is affected

  • Primary beneficiary: Illinois Mathematics and Science Academy (a statewide residential public high school).
  • Fiscal impact on state funds: reductions in available balances of the Education Assistance Fund and the IMSA Income Fund to the extent the appropriations are executed.
  • No policy changes to local governments, counties, or municipalities are made by this text.

Legislative/Procedural history

  • Filed/First reading: Feb 7, 2025 (Sen. Karina Villa).
  • Referred to various committees (Assignments; Municipalities; County Affairs; Appropriations‑Education; Business & Commerce) per the legislative actions record.
  • Read first time: Mar 25, 2025.
  • Rule 2‑10 committee deadline established as Apr 11, 2025.
  • Status in the materials provided: “Died In Committee.” (Action dates in the record contain some inconsistencies; the authoritative status is that the bill did not advance out of committee.)

Related legislation

  • Companion/related: SB 2861 (listed as companion).

Notes / Takeaways

  • The introduced text is a straightforward FY2026 operating appropriation for IMSA; it does not create new programs or regulatory changes.
  • If you intended to review legislation concerning guaranteed income programs or prohibitions on local governments implementing them, that would be a different bill; please provide the correct bill number or text and I can summarize it.

Compiled from official sources — confirm details with the bill’s official record.

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