CHAPTER 680

HOUSE JOINT RESOLUTION NO. 41

ESTABLISHING THE OFFICIAL REVENUE FOR FISCAL YEAR 1975.

WHEREAS, in order for the General Assembly and the Governor to effectively act on the budget for the next Fiscal Year, it is necessary to establish a firm revenue estimate for Fiscal Year 1975; and

WHEREAS, the Governor and the General Assembly are mindful that the Governor cannot sign a budget not anticipated to be in balance the second year of the biennium; and

WHEREAS, to expedite the early passage of the budget for Fiscal Year 1975, the Governor and the General Assembly, after receipt and independent evaluation of advice and counsel, deem it necessary and desirable to reach a mutual accord in establishing the official revenue estimate for Fiscal Year 1975.

NOW, THEREFORE:

BE IT RESOLVED by the House of Representatives and the Senate of the State of Delaware, with the approval of the Governor as attested by his signature affixed hereto, that the estimated revenue for Fiscal Year 1975 is hereby officially established to be $377 million.

BE IT FURTHER RESOLVED that General Fund appropriations for Fiscal Year 1975 shall not exceed $377 million, exclusive of federal revenue sharing receipts.

Approved June 19, 1974.