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Senate Finance committee reviews Education Fund outlook as lawmakers weigh yield-bill scenarios
Summary
Fiscal staff and revenue analysts presented scenarios showing how a proposed $77.2 million general‑fund transfer in the House yield bill and other choices would change average tax-bill calculations for FY2026; committee deferred formal action pending further information.
On 2025-04-01, the Senate Committee on Finance heard fiscal projections and scenario modeling showing how different uses of a proposed $77.2 million general‑fund transfer in the House yield bill would affect average property- and income-tax bills for fiscal 2026.
Julia Rickard of the fiscal office summarized multiple modeled scenarios in the Education Fund Outlook and said the House-passed construct would use a $77.2 million general‑fund transfer plus $41 million in Education Fund surplus to uniformly “buy down the average bill increase” across homestead, non‑homestead and income taxes.
The scenarios Rickard presented showed a range of average-bill outcomes depending on how the…
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