Full Text of HJR0112 096th General Assembly
HJ0112 96TH GENERAL ASSEMBLY
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| HOUSE JOINT RESOLUTION
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| WHEREAS, Subsection (b) of Section 2 of Article VIII | 3 |
| (Finance) of the Constitution of Illinois states the following | 4 |
| requirement: "Appropriations for a fiscal year shall not exceed | 5 |
| funds estimated by the General Assembly to be available during | 6 |
| that year."; and
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| WHEREAS, Pursuant to this constitutional mandate, | 8 |
| subsection (a) of Section 4 of the Commission on Government | 9 |
| Forecasting and Accountability Act (25 ILCS 155/4(a)) directs | 10 |
| the Commission to publish, on the third Wednesday in March of | 11 |
| each year, revised revenue estimates for the approaching fiscal | 12 |
| year; and
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| WHEREAS, On March 16, 2010, the Commission released an "FY | 14 |
| 2011 Economic Forecast and Revenue Estimate" for the | 15 |
| approaching fiscal year, in line with the statutory mandate of | 16 |
| Section 4; and
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| WHEREAS, On March 16, 2010, the Commission estimated that | 18 |
| the State of Illinois will enjoy total general funds revenues, | 19 |
| including budget stabilization funds transfers, of | 20 |
| $26,833,000,000 in fiscal year 2011; and
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| WHEREAS, On March 16, 2010, the Commission estimated that |
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LRB096 21678 RCE 39170 r |
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| the State of Illinois will enjoy total State revenues, | 2 |
| including both general funds and non-general funds revenues, of | 3 |
| $59,826,000,000 in fiscal year 2011; therefore, be it
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| RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE | 5 |
| NINETY-SIXTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE | 6 |
| SENATE CONCURRING HEREIN, that we adopt the FY 2011 Economic | 7 |
| Forecast and Revenue Estimate submitted to the General Assembly | 8 |
| by the Commission on Government Forecasting and Accountability | 9 |
| on March 16, 2010 as the funds estimated by the General | 10 |
| Assembly to be available during the fiscal year beginning July | 11 |
| 1, 2010, for the purposes of subsection (b) of Section 2 of | 12 |
| Article VIII of the Illinois Constitution; and be it further
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| RESOLVED, That suitable copies of this resolution be | 14 |
| delivered to the Speaker of the Illinois House of | 15 |
| Representatives, the President of the Illinois Senate, the | 16 |
| House Minority Leader, and the Senate Minority Leader.
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