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Senate committee shifts more revenue to general fund, reduces Education Trust Fund share
3621360 · May 30, 2025
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Summary
The Senate Finance Committee approved changing the statutory split of certain revenues from 41%/59% (education trust fund/general fund) to 35.5%/64.5% and directed staff guidance on a modest ending balance for the Education Trust Fund.
The Senate Finance Committee voted to change the distribution of specified revenues, moving the Education Trust Fund share from 41% to 35.5% and increasing the general fund share to 64.5%.
The change, approved under the Department of Revenue Administration item on the committee’s package, will allow the Legislature to use more revenue in the…
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