SJ0042 100TH GENERAL ASSEMBLY

SJ0042 LRB100 12928 AXK 26925 r

SENATE JOINT RESOLUTION

WHEREAS, Under subsection (b) of Section 2 of Article VIII of the Illinois Constitution, appropriations for a fiscal year shall not exceed funds estimated by the General Assembly to be available during that year; therefore, be it

RESOLVED, BY THE SENATE OF THE ONE HUNDREDTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES CONCURRING HEREIN, that the Senate estimates the general funds to be available during State fiscal year 2018 as follows:

Revenue Sources Senate Estimate (in millions) State Taxes Personal Income Tax (net of refunds) $18,514 Corporate Income Tax (net of refunds) $2,206 Sales Tax $8,172 Public Utility (regular) $898 Cigarette Tax $353 Liquor Gallonage Taxes $173 Vehicle Use Tax $30 Inheritance Tax (gross) $280 Insurance Taxes & Fees $410 Corporate Franchise Tax & Fees $203 Interest on State Funds & Investments $32 Cook County Intergovernmental Transfer $244 Other Sources $887 Subtotal $32,402

Transfers Lottery $719 Riverboat transfers and receipts $569 Other $709 Total State Sources $34,399

Federal Sources $3,111

Total Federal & State Sources $37,510