Bill > HJR5

This joint resolution establishes the official revenue estimates for Delaware's state government fiscal year 2025, as required by the State Constitution's Article 8, Section 6(b). Specifically, the resolution sets the estimated gross general fund revenue at $7,281.7 million, with estimated revenue refunds of $581.1 million, resulting in a net state general fund revenue of $6,700.6 million. Additionally, the resolution estimates unencumbered funds (funds remaining from previous fiscal years that are not committed to specific expenditures) at $552.9 million. This type of joint resolution is crucial for budget planning, as it provides a legally approved revenue estimate that helps ensure state appropriations do not exceed 98 percent of the estimated general fund revenue, a constitutional requirement designed to maintain fiscal responsibility and prevent potential budget shortfalls.

Budget and Finance

https://legis.delaware.gov/BillDetail?LegislationId=142563