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| | HJ0021 | | LRB104 12660 JDS 23409 r |
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| 1 | | HOUSE JOINT RESOLUTION |
| 2 | | WHEREAS, Under subsection (b) of Section 2 of Article VIII |
| 3 | | of the Illinois Constitution, appropriations for a fiscal year |
| 4 | | shall not exceed funds estimated by the General Assembly to be |
| 5 | | available during that year; and |
| 6 | | WHEREAS, Under subsection (a) of Section 4 of the |
| 7 | | Commission on Government Forecasting and Accountability Act, |
| 8 | | the House and Senate are directed, by joint resolution, to |
| 9 | | adopt or modify the Commission on Government Forecasting and |
| 10 | | Accountability's State revenue estimates for the fiscal year |
| 11 | | as may be appropriate, and the estimate in the joint |
| 12 | | resolution is to constitute the General Assembly's estimate, |
| 13 | | under paragraph (b) of Section 2 of Article VIII of the |
| 14 | | Constitution, of the funds estimated to be available during |
| 15 | | the next fiscal year; therefore, be it |
| 16 | | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE |
| 17 | | HUNDRED FOURTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE |
| 18 | | SENATE CONCURRING HEREIN, that the House of Representatives, |
| 19 | | using projections provided by the Commission on Government |
| 20 | | Forecasting and Accountability, excluding any revenue |
| 21 | | enhancements proposed by the Governor, estimates the general |
| 22 | | funds to be available during State fiscal year 2026 as |
| 23 | | follows: |
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| | HJ0021 | - 2 - | LRB104 12660 JDS 23409 r |
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| 1 | | | House Estimate | |
| 2 | | Revenue Sources | (in millions) | |
| 3 | | State Taxes | | |
| 4 | | Personal Income Tax | | |
| 5 | | (net of refunds). | $28,245 | |
| 6 | | Corporate Income Tax | | |
| 7 | | (net of refunds). | $4,781 | |
| 8 | | Sales Tax........................ | $10,459 | |
| 9 | | Public Utility (regular)......... | $691 | |
| 10 | | Cigarette Tax.................... | $185 | |
| 11 | | Liquor Gallonage Taxes........... | $176 | |
| 12 | | Inheritance Tax (gross).......... | $620 | |
| 13 | | Insurance Taxes & Fees........... | $525 | |
| 14 | | Corporate Franchise Tax & Fees... | $170 | |
| 15 | | Interest on State Funds | | |
| 16 | | & Investments. | $610 | |
| 17 | | Cook County Intergovernmental | | |
| 18 | | Transfer. | $244 | |
| 19 | | Other Sources.................... | $778 | |
| 20 | | Subtotal | $47,484 |
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| 21 | | Transfers | | |
| 22 | | Lottery. | $820 | |
| 23 | | Gaming. | $190 | |
| 24 | | Sports Wagering. | $210 | |
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| | HJ0021 | - 3 - | LRB104 12660 JDS 23409 r |
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| 1 | | Cannabis. | $122 | |
| 2 | | Refund Fund. | $300 | |
| 3 | | Other Sources. | $828 | |
| 4 | | Subtotal | $2,470 |
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| 5 | | Total State Sources | $49,954 |
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| 6 | | Total Federal Sources | $4,270 |
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| 7 | | Total Federal & State Sources | $54,224
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