Illinois 104th General Assembly Status: Introduced 1 R cosponsors

HB5785      — LOCAL GOV SURPLUS FUNDS ACT

Last action — Referred to Rules Committee

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the House. Introduced May 20, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Not enough signal yet

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

Limits how much cash local taxing districts can hold and requires refunds of excess funds to taxpayers.

The bill sets a cap on cash reserves for local taxing districts, excluding small municipalities, and mandates refunds if the cap is exceeded. Taxpayers will receive refunds based on their previous share of taxes.

What this means for you
  • Taxpayers: This means you may receive a refund if the local taxing district holds excess cash reserves.

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.

Bill Text

We don't have the full text on file for this bill yet.

Read HB5785 on the official Illinois source →

Action History

  1. Referred to Rules Committee

  2. First Reading

  3. Filed with the Clerk by Rep. Daniel J. Ugaste

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 182 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB5785      do?
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.
Who sponsors HB5785     ?
HB5785      is sponsored by Daniel J. Ugaste (Republican).
What is the current status of HB5785     ?
This bill has been introduced in the House. Introduced May 20, 2026. It must pass committee before a floor vote.
Where can I track HB5785     ?
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Last checked for changes about 2 months ago · updated continuously

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