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1
SENATE 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; therefore, be it





  
 
6    RESOLVED, BY THE SENATE OF THE ONE HUNDREDTH GENERAL 
7ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES 
8CONCURRING HEREIN, that the Senate estimates the general funds 
9to be available during State fiscal year 2018 as follows:
  
10Revenue Sources                               Senate Estimate 
11                (in millions) 
12State Taxes
13Personal Income Tax (net of refunds)                  $18,514
14Corporate Income Tax (net of refunds)                  $2,206
15Sales Tax                                              $8,172
16Public Utility (regular)                                 $898
17Cigarette Tax                                            $353
18Liquor Gallonage Taxes                                   $173
19Vehicle Use Tax                                           $30
20Inheritance Tax (gross)                                  $280
21Insurance Taxes & Fees                                   $410
22Corporate Franchise Tax & Fees                           $203
23Interest on State Funds & Investments                     $32
24Cook County Intergovernmental Transfer                   $244
 
 
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1Other Sources                                          $887
2Subtotal                                              $32,402
 
3Transfers
4Lottery                                                  $719
5Riverboat transfers and receipts                         $569
6Other                                                  $709
7Total State Sources                                   $34,399
 
8Federal Sources                                        $3,111
 
9Total Federal & State Sources $37,510