State Representative Steve Reick (R-Woodstock) joined Illinois House Republican Leader Jim Durkin (R-Western Springs) today in filing a resolution in support of adopting a revenue estimate in order to begin legitimate budget discussions for Fiscal Year 2019.
“It is our constitutional duty to taxpayers across Illinois to spend within our means – something we have not done in decades here at the Capitol,” Durkin said. “The rejection of certifying a revenue estimate in Springfield is not acceptable and is legislative malpractice. We owe it to Illinois taxpayers to take this first step in finally balancing the state’s checkbook and putting Illinois on the right track towards fiscal stability.”
House Joint Resolution 124 adopts a revenue estimate of $37.672 billion for fiscal year 2019, based on the estimate provided by the Commission on Government Forecasting and Accountability (COGFA).
“COGFA is a well-respected non-partisan organization that provides the General Assembly with reliable data on which we can make good decisions,” said Reick. “I have complete faith in their revenue estimate of $37.67 billion and encourage the House and Senate to adopt the estimate without further delay.”
According to Reick, a revenue estimate is required by state law:
The House and Senate by joint resolution shall adopt or modify such estimates as may be appropriate. The joint resolution shall constitute the General Assembly’s estimate, under paragraph B of Section 2 of Article VIII of the Constitution, of funds estimated to be available during the next fiscal year (25 ILCS 155/4(a))
It is also required by Subsection (b) of Section 2 of Article VIII of the Constitution of Illinois:
Appropriations for a fiscal year shall not exceed funds estimated by the General Assembly to be available during that year.