SENATE JOINT RESOLUTION NO. 38
THE OFFICIAL ESTIMATE OF GENERAL FUND REVENUES FOR FISCAL YEAR 1994.
WHEREAS, the State Constitution, Article 8, Section 6(b) requires that No appropriation, supplemental appropriation, or Budget Act shall cause the aggregate State general fund appropriations enacted for any given fiscal year to exceed 98 percent of the estimated State general fund revenue for such fiscal year from all sources, including estimated unencumbered funds remaining at the end of the previous fiscal year"; and
WHEREAS, Section 6(b) also requires that "The amount of said revenue estimate and estimated unencumbered funds remaining shall be determined by the most recent Joint Resolution approved from time to time by a majority of the members elected to each House of the General Assembly and signed by the Governor";
BE IT RESOLVED by the Senate and the House of Representatives of the 137th General Assembly of the State of Delaware with the approval of the Governor, that the estimated gross general fund revenue for Fiscal Year 1994 is $1,550.7 million, estimated revenue refunds are $109.4 million, estimated net State general fund revenue is $1,441.3 million and estimated unencumbered funds are $105.7 million.
Approved July 1, 1994.