HJ0112 96TH GENERAL ASSEMBLY

HJ0112 LRB096 21678 RCE 39170 r

HOUSE JOINT RESOLUTION

WHEREAS, Subsection (b) of Section 2 of Article VIII (Finance) of the Constitution of Illinois states the following requirement: "Appropriations for a fiscal year shall not exceed funds estimated by the General Assembly to be available during that year."; and

WHEREAS, Pursuant to this constitutional mandate, subsection (a) of Section 4 of the Commission on Government Forecasting and Accountability Act (25 ILCS 155/4(a)) directs the Commission to publish, on the third Wednesday in March of each year, revised revenue estimates for the approaching fiscal year; and

WHEREAS, On March 16, 2010, the Commission released an "FY 2011 Economic Forecast and Revenue Estimate" for the approaching fiscal year, in line with the statutory mandate of Section 4; and

WHEREAS, On March 16, 2010, the Commission estimated that the State of Illinois will enjoy total general funds revenues, including budget stabilization funds transfers, of $26,833,000,000 in fiscal year 2011; and

WHEREAS, On March 16, 2010, the Commission estimated that the State of Illinois will enjoy total State revenues, including both general funds and non-general funds revenues, of $59,826,000,000 in fiscal year 2011; therefore, be it

RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE NINETY-SIXTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE SENATE CONCURRING HEREIN, that we adopt the FY 2011 Economic Forecast and Revenue Estimate submitted to the General Assembly by the Commission on Government Forecasting and Accountability on March 16, 2010 as the funds estimated by the General Assembly to be available during the fiscal year beginning July 1, 2010, for the purposes of subsection (b) of Section 2 of Article VIII of the Illinois Constitution; and be it further

RESOLVED, That suitable copies of this resolution be delivered to the Speaker of the Illinois House of Representatives, the President of the Illinois Senate, the House Minority Leader, and the Senate Minority Leader.