CHAPTER 570

SENATE JOINT RESOLUTION NO. 46

ESTABLISHING THE OFFICIAL ESTIMATES OF GENERAL FUND REVENUES FOR THE FISCAL YEAR ENDING JUNE 30, 1979.

WHEREAS, the Governor and the General Assembly are committed to restrain the level of State spending within available revenues for Fiscal Year 1979; and

WHEREAS, this requires a determination of the impact of revenue and appropriation bills on the General Fund; and

WHEREAS, such determination would be facilitated by an agreement upon and the adoption of official estimates of Fiscal Year 1979 revenues for the purpose of establishing a reference point; and

WHEREAS, any indicated deficiency in revenues is information that is vital to determine the need for and magnitude of additional revenue legislation and/or reduced appropriation legislation required to preserve the fiscal integrity of the State of Delaware; and

WHEREAS, the Governor and the General Assembly, after receipt of and independent evaluations of information and advice, and in order to act responsibly upon appropriation and revenue bills for Fiscal Year 1979, deem it necessary and desirable to reach a mutual accord in establishing the official revenue estimate for Fiscal Year 1979.

NOW, THEREFORE:

BE IT RESOLVED by the House of Representatives and the Senate of the 129th General Assembly of the State of Delaware, with the approval of the Governor as attested by his signature hereon, that the estimated General Fund revenue for Fiscal Year 1979, including federal revenue sharing receipts and countercyclical aid, is hereby estimated to be $534.9 million.

Approved July 1, 1978.