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State presents FY26 'standstill' budget as revenue forecasts flag shortfalls ahead
Summary
House and administration officials told the Joint Budget Committee the executive FY26 budget is a standstill plan that balances in the near term but relies on revenue forecasts that project multi‑year shortfalls without changes or additional revenue measures.
The executive branch presented a standstill FY26 budget to the Joint Budget Committee that the administration says balances under current revenue forecasts but that projects multi‑year revenue shortfalls if nothing changes.
Representative Matt Mack sought a plain reading of slide 6 of the presentation, saying, “based on these current projections of revenue versus expenditures, if nothing was to change … FY 25‑26, we would be $200,000,000 approximately $200,000,000 that would [be] deficit.” Taylor Barra, Commissioner of Administration, and Patrick Goldsmith, deputy commissioner, described the FY26 package as a continuation budget that trims one‑time items and relies on current forecasts. Goldsmith told the committee none of the executive budget…
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