Sixty-second General Assembly
LLS NO. R990516.01 Alice
Ackerman
STATE OF COLORADO
BY REPRESENTATIVES McPherson, Tool, Berry, and Saliman;
also SENATORS Grampsas, Lacy, Owen, and Tanner.
REVISED
HOUSE JOINT RESOLUTION 991006
CONCERNING THE CERTIFICATION BY THE GENERAL ASSEMBLY
OF ITS ESTIMATE OF STATE GENERAL FUND REVENUES AND ALLOWABLE
STATE GENERAL FUND APPROPRIATIONS FOR THE 19992000
BUDGET YEAR.
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 19992000
fiscal year, as estimated in this resolution, have already been
obligated by law as follows:
(1) $100,327,838 for transfer to the capital
construction fund pursuant to section 2475302 (2)
(l), 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 199899 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 2475201.1, Colorado Revised Statutes; 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 19992000
fiscal year will be based upon the following conclusions:
(1) State general fund appropriations
for the 199899 fiscal year, prior to the enactment of any
supplemental appropriations during the 1999 regular session, are
$4,699.0 million;
(2) The allowable increase in state general
fund appropriations for the 19992000 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 199899 state general fund appropriations;
and
WHEREAS, The revenue estimate and the estimate
of allowable state general fund appropriations 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 19992000 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 estimate
of allowable state general fund appropriations 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 Sixtysecond 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, 1999, is $5,700.9 million. The general assembly further certifies
that the estimate of the
allowable state general fund appropriations for the
fiscal year beginning July 1, 1999, under section 2475201.1,
Colorado Revised Statutes, is $4,981.0 million.
Be It Further Resolved, That a copy of this Resolution be transmitted to the controller of the state of Colorado, Arthur L. Barnhart.