Second Regular Session
Sixty-first General Assembly
LLS NO. R980618.01 ABA
STATE OF COLORADO
BY REPRESENTATIVES Agler, Grampsas, Owen, Romero, and Pfiffner;
also SENATORS Coffman, Lacy, Blickensderfer, and
Rizzuto.
HOUSE JOINT RESOLUTION 98-1006
WHEREAS, The general assembly is required by section
2475201.3, 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 199899
fiscal year, as estimated in this resolution, have already been
obligated by law as follows:
(1) $50,316,635 for transfer to the capital
construction fund pursuant to section 2475302 (2)
(k), Colorado Revised Statutes;
(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
2475201.1 (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 resolution does not include the balance carried forward
from the 199798 fiscal year; and
WHEREAS, The general assembly intends to make an
annual certification of its estimate of the allowable state fiscal
year spending amount under section 20 of article X of the state
constitution and its estimate of the total allowable state general
fund appropriations under section 2475201.1, Colorado
Revised Statutes; and
WHEREAS, In accordance with the provisions of article
77 of title 24, Colorado Revised Statutes, the estimate of the
allowable state fiscal year spending amount for the 199899
fiscal year under said provisions will be based upon the following
conclusions:
(1) For the 199798 fiscal year,
the state fiscal year spending is $6,866.6 million;
(2) The percentage of allowable increase
in state fiscal year spending for the 199899 fiscal year
is estimated to be 5.4 %; and
WHEREAS, In accordance with the provisions of section
2475201.1, Colorado Revised Statutes, the estimate
of the allowable state general fund appropriations for the 199899
fiscal year will be based upon the following conclusions:
(1) State general fund appropriations
for the 199798 fiscal year, prior to the enactment of any
supplemental appropriations during the 1998 regular session, are
$4,424.2 million;
(2) The allowable increase in state general fund appropriations for the 199899 fiscal year is the cost of reappraisal of taxable property for property tax purposes as required by section 391105.5, Colorado Revised Statutes, plus 6% of the 199798 state general fund appropriations; and
WHEREAS, The revenue estimate and the estimates of
spending made pursuant to this resolution are made for the purpose
of providing direction and guidance to the joint budget committee
in the preparation of the 199899 general appropriation act
and does not affect the ability of the general assembly to make
spending decisions in the general appropriation act; and
WHEREAS, The revenue estimate and the estimates of
spending made pursuant to this 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 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 Sixtyfirst General Assembly of the State of Colorado,
the Senate concurring herein:
That, in accordance with section 2475201.3,
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, 1998, is $5,393.2 million. The general assembly further certifies
that the estimate of the allowable state fiscal year spending
amount for the fiscal year beginning July 1, 1998, under section
20 of article X of the state constitution and article 77 of title
24, Colorado Revised Statutes, is $7,237.4 million and the estimate
of the allowable state general fund appropriations for the fiscal
year beginning July 1, 1998, under section 2475201.1,
Colorado Revised Statutes, is $4,689.7 million.
Be It Further Resolved, That a copy of this Resolution be transmitted to the controller of the state of Colorado, Clifford W. Hall.