HJR0021 - 104th General Assembly


 


 
HJ0021LRB104 12660 JDS 23409 r

1
HOUSE JOINT RESOLUTION

 
2    WHEREAS, Under subsection (b) of Section 2 of Article VIII
3of the Illinois Constitution, appropriations for a fiscal year
4shall not exceed funds estimated by the General Assembly to be
5available during that year; and
 
6    WHEREAS, Under subsection (a) of Section 4 of the
7Commission on Government Forecasting and Accountability Act,
8the House and Senate are directed, by joint resolution, to
9adopt or modify the Commission on Government Forecasting and
10Accountability's State revenue estimates for the fiscal year
11as may be appropriate, and the estimate in the joint
12resolution is to constitute the General Assembly's estimate,
13under paragraph (b) of Section 2 of Article VIII of the
14Constitution, of the funds estimated to be available during
15the next fiscal year; therefore, be it
 
16    RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE
17HUNDRED FOURTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE
18SENATE CONCURRING HEREIN, that the House of Representatives,
19using projections provided by the Commission on Government
20Forecasting and Accountability, excluding any revenue
21enhancements proposed by the Governor, estimates the general
22funds to be available during State fiscal year 2026 as
23follows:
 

 

 

 

HJ0021- 2 -LRB104 12660 JDS 23409 r

1House Estimate
2Revenue Sources(in millions)
3State Taxes
4Personal Income Tax
5    (net of refunds).$28,245
6Corporate Income Tax
7    (net of refunds).$4,781
8Sales Tax........................$10,459
9Public Utility (regular).........$691
10Cigarette Tax....................$185
11Liquor Gallonage Taxes...........$176
12Inheritance Tax (gross)..........$620
13Insurance Taxes & Fees...........$525
14Corporate Franchise Tax & Fees...$170
15Interest on State Funds
16    & Investments.$610
17Cook County Intergovernmental
18    Transfer.$244
19Other Sources....................$778
20Subtotal$47,484
21Transfers
22Lottery.$820
23Gaming.$190
24Sports Wagering.$210

 
 
 

 

 

HJ0021- 3 -LRB104 12660 JDS 23409 r

1Cannabis.$122
2Refund Fund.$300
3Other Sources.$828
4Subtotal$2,470
5Total State Sources$49,954
6Total Federal Sources$4,270
$54,224
7Total Federal & State Sources