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Appropriations panel adopts revised March 2025 general fund forecast
Summary
The House Appropriations Committee voted to adopt a revised March 2025 general fund revenue forecast that raises the current biennium beginning balance by a one‑time $27.6 million pickup and lowers the 2025–27 ongoing forecast by about $74.6 million; the committee approved the forecast motion 21–0 with two members absent.
The House Appropriations Committee on March 17 adopted a revised March 2025 general fund revenue forecast and directed staff to update the committee's budget status reports to reflect the changes.
Legislative counsel Adam Mateuk, who presented the forecast material to the committee, said the package includes a one‑time positive adjustment of about $27.6 million to the remainder of the 2023–25 biennium that will be treated as beginning balance money available for the next biennium. "That additional revenue . . . is considered to be a one‑time additional pickup of revenue affecting the beginning balance," Mateuk told the panel.
Why it matters: The committee’s action sets the revenue baseline that appropriators will use as they consider bills this session. The forecast adopted on the committee floor averages private‑sector projections for major tax sources and incorporates agency carryover and updated oil price assumptions; it does not reflect the fiscal effect of any bills that the…
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