Illinois General Assembly - Full Text of SJR0029
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Full Text of SJR0029  97th General Assembly

SJ0029 97TH GENERAL ASSEMBLY


  

 


 
SJ0029LRB097 11107 RCE 52364 r

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 NINETY-SEVENTH GENERAL
7ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES
8CONCURRING HEREIN, that the General Assembly, in compliance
9with subsection (b) of Section 2 of Article VIII of the
10Illinois Constitution and with Section 4 of the Commission on
11Government Forecasting and Accountability Act, estimates the
12general funds to be available during State fiscal year 2012, as
13expressed in millions of dollars, as follows:
 
 
14Revenue Sources  Estimate
15State Taxes
16Personal Income Tax (net of refunds)$15,786
17Corporate Income Tax (net of refunds)$2,170
18Sales Tax$6,739
19Public Utility (regular)$1,136
20Cigarette Tax$355
21Liquor Gallonage Taxes$161
22Vehicle Use Tax$29
23Inheritance Tax (gross)$196

 

 

SJ0029- 2 -LRB097 11107 RCE 52364 r

1Insurance Taxes & Fees$315
2Corporate Franchise Tax & Fees$202
3Interest on State Funds & Investments$35
4Cook County Intergovernmental Transfer$244
5Other Sources$379
6Subtotal$27,747
7
8Transfers
9Lottery$645
10Riverboat transfers and receipts$432
11Other$614
12Total State Sources$29,438
13
14Federal Sources$4,844
15
16Total Federal & State Sources$34,282