Amends the Budget Stabilization Act. Provides additional scheduled transfers to the Pension Stabilization Fund, sets termination conditions, and clarifies allocation and applicability of payments. Amends the School Code. Establishes a property tax relief grant program for school districts beginning in Fiscal Year 2030, funded from the Education Property Tax Relief Fund. Makes conforming changes in the State Finance Act.

Statutes affected:
Introduced: 30 ILCS 105/5, 30 ILCS 122/20, 30 ILCS 122/25, 105 ILCS 5/2