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SB 2553

Income tax; exclude from gross income compensation and income of honorably discharged veterans.

2025 Regular Session Introduced by Robin Robinson and 1 co-sponsor

An appropriations bill funding the Governor's Office of Management & Budget for FY 2025-26, with $633.3M for Build Illinois debt service and $4.8M for OMB operations and oversight.

Died In Committee
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Bill Summary · SB 2553

Summary — SB 2553 (104th General Assembly, 2025–2026)

Status: Died In Committee (metadata) — see procedural notes below
Introduced: Feb 25 / Mar 13, 2025 (dates in file vary)
Primary sponsor: Sen. Elgie R. Sims, Jr.
Subject: Appropriations — Governor’s Office of Management & Budget (OMB)
Companion bill: HB 4809

Main purpose

SB 2553 is an appropriations bill that would fund the ordinary and contingent expenses of the Governor’s Office of Management and Budget (OMB) for the fiscal year beginning July 1, 2025. The bill directs funding from several state funds for OMB operational activities, bond administration, grant accountability efforts, and debt service payments under the Build Illinois Bond Act.

Key provisions and amounts

The bill appropriates a total of $644,263,400 across multiple funds, allocated as follows:

  • General Revenue Fund — $4,800,000, including:

    • $550,000 — costs for implementing/monitoring/reporting state agency receipts of federal funds (e.g., ARPA and other federal acts)
    • $550,000 — financial audits, internal controls, and reporting of the State’s financial statements
    • $400,000 — Budgeting for Results initiative operational expenses
    • $3,300,000 — other operational expenses

  • Capital Development Fund — $1,400,000 for sale and administration of General Obligation (GO) bonds.

  • Grant Accountability and Transparency Fund — $4,000,000 for implementing/administering the Grant Accountability and Transparency Act and the Budgeting for Results initiative.

  • School Infrastructure Fund — $113,400 for OMB operational/support costs related to the School Infrastructure Grant Program.

  • Build Illinois Bond Retirement and Interest Fund — $633,300,000 to make payments to the Trustee under the Master Indenture (debt service on Build Illinois bonds).

  • Build Illinois Bond Fund — $650,000 for sale and administration of Build Illinois bonds.

Total summary in the bill/synopsis: General Funds $4,800,000; Other State Funds $639,463,400; Total $644,263,400.

Conditions and timing

  • The bill contains a limitation that no contract shall be entered into or expenditures incurred from the appropriations in Sections 10, 25, and 30 (the GO bond and Build Illinois bond appropriations) until the specified purposes and amounts have been approved in writing by the Governor.
  • Effective date: July 1, 2025.

Who would be affected

  • Governor’s Office of Management & Budget (direct recipient of appropriations).
  • State agencies that receive federal funds (administration and monitoring funding affects oversight).
  • Trustees and holders of Build Illinois bonds (payment funding supports debt service).
  • Entities involved in grant administration and recipients of School Infrastructure grants (indirectly affected through program administration funding).
  • State budget and cash flow (large debt service appropriation).

Procedural notes / inconsistencies

  • The metadata provided lists the bill as “Died In Committee.” The legislative action log includes both early committee references (referred, hearings) and later entries indicating the bill was “Reported favorably as substituted” and recommended for the local & uncontested calendar (May 9, 2025). These entries are inconsistent; the user should consult the official Illinois General Assembly bill status page for the definitive procedural history and current status.

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

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