Bill Text: IL HJR0064 | 2025-2026 | 104th General Assembly | Introduced


Bill Title: Sets forth the amounts of general funds estimated by the House of Representatives to be available during State fiscal year 2027.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced) 2026-05-06 - Referred to Rules Committee [HJR0064 Detail]

Download: Illinois-2025-HJR0064-Introduced.html

 


 
HJ0064LRB104 21782 JDS 37472 r

1
HOUSE 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; and
 
6    WHEREAS, Under subsection (a) of Section 4 of the
7Commission on Government Forecasting and Accountability Act,
8the House and Senate are directed, by joint resolution, to
9adopt or modify the Commission on Government Forecasting and
10Accountability's State revenue estimates for the fiscal year
11as may be appropriate, and the estimate in the joint
12resolution is to constitute the General Assembly's estimate,
13under paragraph (b) of Section 2 of Article VIII of the
14Constitution, of the funds estimated to be available during
15the next fiscal year; therefore, be it
 
16    RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE
17HUNDRED FOURTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE
18SENATE CONCURRING HEREIN, that the House of Representatives,
19using projections provided by the Commission on Government
20Forecasting and Accountability, excluding any revenue
21enhancements proposed by the Governor, estimates the general
22funds to be available during State fiscal year 2027 as
23follows:
 

 

 

 

HJ0064- 2 -LRB104 21782 JDS 37472 r

1House Estimate
2Revenue Sources(in millions)
3State Taxes
4Personal Income Tax
5    (net of refunds).$28,959
6Corporate Income Tax
7    (net of refunds).$4,432
8Sales Tax........................$10,942
9Public Utility (regular).........$695
10Cigarette Tax....................$165
11Liquor Gallonage Taxes...........$165
12Inheritance Tax (gross)..........$685
13Insurance Taxes & Fees...........$675
14Corporate Franchise Tax & Fees...$170
15Interest on State Funds
16    & Investments.$600
17Cook County Intergovernmental
18    Transfer.$244
19Other Sources....................$838
20Subtotal$48,570
21Transfers
22Lottery.$827
23Gaming.$283
24Sports Wagering.$350

 
 
 

 

 

HJ0064- 3 -LRB104 21782 JDS 37472 r

1Cannabis.$400
2Refund Fund.$107
3Other Sources.$917
4Subtotal$2,884
5Total State Sources$51,454
6Total Federal Sources$4,072
7Total Federal & State Sources$55,525
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