Template:Illinois budget process

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Illinois operates on an annual budget cycle. The sequence of key events in the budget process is as follows:[1][2]

  1. In September of the year preceding the start of the new fiscal year, the governor sends budget instructions to state agencies.
  2. In October and November agencies submit their budget requests to the governor.
  3. Agency hearings are held in November and December.
  4. Budget hearings with the public are held from February through May.
  5. On the third Wednesday in February, the governor submits his or her proposed budget to the Illinois State Legislature.
  6. The State Legislature passes a budget in May.

Illinois is one of 44 states in which the governor has line item veto authority.[2]

The governor is constitutionally required to submit a balanced budget. In turn, the legislature must pass a balanced budget, and the budget must be balanced in order for the governor to sign it into law.[2]