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DE SJR8

Joint Resolution

Official Source

Status

Passed

7/1/2018

Primary Sponsor

Harris McDowell

Click for details

Origin

Senate

149th General Assembly

AI Summary

  • Establishes the official general fund revenue estimate for Fiscal Year 2019 at $4,808.3 million in gross revenue
  • Sets estimated revenue refunds at $440.8 million and net state general fund revenue at $4,367.5 million
  • Identifies estimated unencumbered funds at $335.6 million for carryover into the next fiscal year
  • Fulfills constitutional requirement (Article 8, Section 6(b)) to determine revenue estimates by joint resolution approved by majority of both legislative houses and signed by the Governor
  • Establishes the revenue ceiling that limits aggregate state general fund appropriations to 98 percent of estimated general fund revenue plus unencumbered funds

Legislative Description

The Official General Fund Revenue Estimate For Fiscal Year 2019.

Last Action

Signed by Governor

7/1/2018

Full Bill Text

No bill text available