Preliminary FY28 revenue estimates show potential multi‑billion recurring increase
LESC and Legislative Finance Committee’s preliminary FY28 consensus estimates project $924.2 million above FY27 total appropriations and about $3.6 billion more in recurring revenues than FY27 recurring appropriations, indicating capacity for non‑recurring appropriations.
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Daniel A. Estupiñan (LESC) and Ismael Torres (Legislative Finance Committee) presented preliminary consensus revenue estimates for fiscal year 2028. Estupiñan said the estimates show FY28 revenues could exceed total appropriations in FY27 by $924.2 million and that FY28 recurring revenues may exceed FY27 recurring appropriations by approximately $3.6 billion, suggesting significant capacity for non‑recurring appropriations.
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