CG: RAM: RLS Released: 06/21/2023 1:45 PM
0211520012
HOUSE OF REPRESENTATIVES
152nd GENERAL ASSEMBLY
HOUSE JOINT RESOLUTION NO. 3
THE OFFICIAL GENERAL FUND REVENUE ESTIMATE FOR FISCAL YEAR 202 4.
WHEREAS, the State Constitution, Article 8, Section 6(b) requires that “No appropriation, supplemental 1
appropriation, or Budget Act shall cause the aggregate State general fund appropriations enacted for any given fiscal 2
year to exceed 98 percent of the estimated State general fund revenue for such fiscal year from all sources, including 3
estimated unencumbered funds remaining at the end of the previous fiscal year”; and 4
WHEREAS, Section 6(b) also requires that “The amount of said revenue estimate and estimated 5
unencumbered funds remaining shall be determined by the most recent Joint Resolution approved from time to time 6
by a majority of the members elected to each House of the General Assembly and signed by the Governor”. 7
NOW, THEREFORE: 8
BE IT RESOLVED by the House of Representatives and the Senate of the 152 nd General Assembly of the 9
State of Delaware, with the approval of the Governor, that the estimated gross general fund revenue for Fiscal Year 10
2024 is $6,575.0 million, estimated revenue refunds are $539.9 million, estimated net State general fund revenue is 11
$6,035.1 million and estimated unencumbered funds are $730.2 million. 12
SYNOPSIS
This Resolution provides the official revenue, refund, and unencumbered funds estimates for Fiscal Year 2024 .
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SPONSOR: Rep. Carson & Sen. Paradee
Bolden
Griffith
Williams
Briggs King
Hensley
Brown
Hansen
Sturgeon
Buckson
Lawson