SENATE
                         Amended Final Rdg
       January 31, 2011        HOUSE
                        Amended Final Rdg.
                     January 25, 2011First Regular Session
              Sixty-eighth General Assembly
                    STATE OF COLORADO
                                                    REVISED
                                                           
                                                           
 LLS NO. R11-0634.01 Ed DeCecco                  HJR11-1007
                    HOUSE SPONSORSHIP
 DelGrosso, 
 
                   SENATE SPONSORSHIP
 Johnston, 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 House Committees
 Senate Committees
 
 
 Finance
 Finance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                  HOUSE JOINT RESOLUTION 11-1007 
       Concerning the certification by the general assembly of its
            estimate of state general fund revenues and allowable
            state general fund appropriations for the 2011-12
            fiscal year.
       
       
            WHEREAS, The general assembly is required by section
       24-75-201.3, Colorado Revised Statutes, to make an annual certification
       of its estimate of general fund revenues for the next fiscal year to the
       controller; and
       
            WHEREAS, Gross general fund revenues for the 2011-12 fiscal
       year, as estimated in this Joint Resolution, have already been obligated by
       law as follows:
       
            (1)  $1,126,485 for transfer to the capital construction fund
       pursuant to section 24-75-302 (2) (x), Colorado Revised Statutes; and
       
            (2)  Amounts required by statute to be used for:  Payments to local
       governments based on state cigarette tax collections; property tax and
       heat or fuel expense grants; and payments to the fire and police members'
       benefit fund; and
       
            WHEREAS, Under current law, general fund revenues must be
       used first to fund the obligations set forth above, second to fund
       appropriations for the executive, legislative, and judicial departments, and
       third to fund the reserve mandated by section 24-75-201.1 (1) (d),
       Colorado Revised Statutes; and
       
            WHEREAS, The general assembly recognizes that new programs
       can be funded from the general fund only after these three priorities are
       satisfied; and
       
            WHEREAS, If appropriate statutes are amended, additional
       general fund revenues could be realized; and
       
            WHEREAS, The estimate of general fund revenues certified in
       this Joint Resolution does not include the balance carried forward from
       the 2010-11 fiscal year; and
       
            WHEREAS, The general assembly intends to make an annual
       certification of its estimate of the total allowable state general fund
       appropriations under section 24-75-201.1, Colorado Revised Statutes; and
       
            WHEREAS, In accordance with the provisions of section
       24-75-201.1, Colorado Revised Statutes, the estimate of the allowable
       state general fund appropriations for the 2011-12 fiscal year will be based
       upon the following conclusions:
       
            (1)  The total allowable state general fund appropriations for the
       2011-12 fiscal year is the cost of reappraisal of taxable property for
       property tax purposes as required by section 39-1-105.5, Colorado
       Revised Statutes, plus an amount equal to five percent of total Colorado
       personal income for the calendar year preceding the calendar year
       immediately preceding the 2011-12 fiscal year; and
       
            (2)  Five percent of total Colorado personal income for the 2009
       calendar year is equal to $10,511.4 million; and
       
            WHEREAS, The revenue estimate and the estimate of allowable
       state general fund appropriations made pursuant to this Joint Resolution
       are made for the purpose of providing direction and guidance to the joint
       budget committee in the preparation of the 2011-12 general appropriation
       act and do not affect the ability of the general assembly to make spending
       decisions in the general appropriation act; and
       
            WHEREAS, If actual revenues exceed the revenue estimate of
       $7,093.3 million, those revenues shall be appropriated to restore funding
       for kindergarten through twelfth grade public schools; and
       
            WHEREAS, The revenue estimate and the estimate of allowable
       state general fund appropriations made pursuant to this Joint Resolution
       may be adjusted if additional relevant information is received by the
       general assembly after the adoption thereof; and
       
            WHEREAS, For purposes of section 39 of article V of the state
       constitution, this Joint Resolution relates solely to the transaction of
       business of the two houses of the general assembly; now, therefore,
       
            Be It Resolved by the House of Representatives of the Sixty-eighth
       General Assembly of the State of Colorado, the Senate concurring herein:
       
            That, in accordance with section 24-75-201.3, Colorado Revised
       Statutes, the general assembly hereby certifies to the controller of the
       state of Colorado that the estimate of gross general fund revenues for the
       fiscal year beginning July 1, 2011, is $7,093.3 million.  The general
       assembly further certifies that the estimate of the allowable state general
       fund appropriations for the fiscal year beginning July 1, 2011, under
       section 24-75-201.1, Colorado Revised Statutes, is $10,511.4 million.