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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.