THE OFFICIAL GENERAL FUND REVENUE ESTIMATE FOR FISCAL YEAR 2025.

Plain English Breakdown

The official text defines how these estimates are used for constitutional spending caps (98% rule) but does not explicitly list every agency affected.

Official Revenue Estimate for Fiscal Year 2025

This resolution sets the official numbers for how much money Delaware expects to collect and have left over in its main fund for fiscal year 2025.

What This Bill Does

• Sets the estimated gross general fund revenue at $7,281.7 million.
• Lists expected refunds as $581.1 million.
• Calculates net State general fund revenue at $6,700.6 million after subtracting refunds.
• Estimates unencumbered funds remaining from the previous year at $552.9 million.

Who It Names or Affects

• The Delaware General Assembly
• State agencies that manage the general fund budget

Terms To Know

General Fund

The main account where most state tax money goes to pay for government services.

Unencumbered Funds

Money left over from the previous year that was not spent or set aside for a specific use.

Limits and Unknowns

• These numbers are estimates based on current information and may change if actual money collected is different.
• This resolution does not set new taxes or create new spending programs; it only reports expected amounts.

Official Summary Text

THE OFFICIAL GENERAL FUND REVENUE ESTIMATE FOR FISCAL YEAR 2025.
This Resolution provides the official revenue, refund, and unencumbered funds estimates for Fiscal Year 2025.

Current Bill Text

Page 1 of 1
CG:RAM:RLS
0211530011
HOUSE OF REPRESENTATIVES
153rd GENERAL ASSEMBLY
HOUSE JOINT RESOLUTION NO. 5
THE OFFICIAL GENERAL FUND REVENUE ESTIMATE FOR FISCAL YEAR 2025.
1WHEREAS, the State Constitution, Article 8, Section 6(b) requires that “No appropriation, supplemental
2appropriation, or Budget Act shall cause the aggregate State general fund appropriations enacted for any given fiscal
3year to exceed 98 percent of the estimated State general fund revenue for such fiscal year from all sources, including
4estimated unencumbered funds remaining at the end of the previous fiscal year”; and
5WHEREAS, Section 6(b) also requires that “The amount of said revenue estimate and estimated
6unencumbered funds remaining shall be determined by the most recent Joint Resolution approved from time to time
7by a majority of the members elected to each House of the General Assembly and signed by the Governor”.
8NOW, THEREFORE:
9BE IT RESOLVED by the House of Representatives and the Senate of the 153rd General Assembly of the
10State of Delaware, with the approval of the Governor, that the estimated gross general fund revenue for Fiscal Year
112025 is $7,281.7 million, estimated revenue refunds are $581.1 million, estimated net State general fund revenue is
12$6,700.6 million and estimated unencumbered funds are $552.9 million.
SYNOPSIS
This Resolution provides the official revenue, refund, and unencumbered funds estimates for Fiscal Year 2025.
SPONSOR: Rep. Williams & Sen. Paradee
Bolden
Chukwuocha
Griffith
Postles
Short
Brown
Hansen
Sturgeon
Buckson
Lawson