Full Text of HJR0051 100th General Assembly
HJ0051 100TH GENERAL ASSEMBLY |
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| 1 | | HOUSE JOINT RESOLUTION
| 2 | | 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
| 7 | | WHEREAS, Pursuant to this constitutional mandate, it is the | 8 | | duty of the Illinois legislature to
adopt a revenue estimate | 9 | | for each and every fiscal year in order to have a basis from | 10 | | which to
design a budget that is balanced; and
| 11 | | WHEREAS, Subsection (a) of Section 4 of the Commission on | 12 | | Government Forecasting and
Accountability Act directs the | 13 | | Commission to publish, on the third
Wednesday in March of each | 14 | | year, revised revenue estimates for the approaching fiscal | 15 | | year; and | 16 | | WHEREAS, For FY 2018, the Commission on Government | 17 | | Forecasting and Accountability estimates that Illinois will | 18 | | generate $33.991 billion, including
federal and State Sources; | 19 | | with regard to the Subtotal of General Funds generated for FY | 20 | | 2018,
the Commission estimates that the State will have $31.147 | 21 | | billion in total general revenues once allocations
are made to | 22 | | the Refund Fund, Fund for Advancement of Education, and the |
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| 1 | | Commitment to
Human Services Fund; and
| 2 | | WHEREAS, The Governor's Office of Management and Budget | 3 | | reports in their
revenue estimate that for FY 2018: Illinois | 4 | | will generate a total of $34.401 billion when
including total | 5 | | federal and State sources; with regard to the Subtotal of | 6 | | General Funds generated
for FY 2018, the Office estimates that | 7 | | the State will have $31.476 billion in total general revenues
| 8 | | once allocations are made to the Refund Fund, Fund for | 9 | | Advancement of Education, and the
Commitment to Human Services | 10 | | Fund; the Office has included two key assumptions in the budget
| 11 | | book, including $300 Million to be received from the sale of | 12 | | the Thompson Center and $942 in
Fund for Advancement of | 13 | | Education and Commitment to Human Services Fund | 14 | | re-classification
under general funds definitions; and
| 15 | | WHEREAS, The legislature has a proper basis from which to | 16 | | adopt a revenue estimate for FY
2018, with the figures provided | 17 | | by the Commission on Government Forecasting and Accountability | 18 | | and the Governor's Office of Management and Budget; and
| 19 | | WHEREAS, The legislature needs to adopt a revenue estimate | 20 | | that combines that the figures
provided by the Commission on | 21 | | Government Forecasting and Accountability and the Governor's | 22 | | Office of Management and Budget; therefore, be it
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| 1 | | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE | 2 | | HUNDREDTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE SENATE | 3 | | CONCURRING HEREIN, that General Assembly will adopt an FY 2018 | 4 | | revenue estimate that is inclusive of the
figures provided by | 5 | | the Commission on Government Forecasting and Accountability | 6 | | and the Governor's Office of Management and Budget and outlines | 7 | | the funds that will be available during the
fiscal year | 8 | | beginning July 1, 2017, for the purposes of meeting the | 9 | | constitutional obligation set
forth in subsection (b) of | 10 | | Section 2 of Article VIII of the Illinois Constitution; and be | 11 | | it further
| 12 | | RESOLVED, That suitable copies of this resolution be | 13 | | delivered to the Speaker of the Illinois
House of | 14 | | Representatives, the President of the Illinois Senate, the | 15 | | House Minority Leader, and
the Senate Minority Leader.
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