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JFAC adopts $6.4 billion FY 2026 general fund revenue number
Summary
The Joint Finance Appropriations Committee voted to adopt the Economic Outlook and Revenue Assessment Committee’s recommended FY 2026 general fund revenue production of $6.4 billion; the motion passed with the joint committee majority after a roll call vote.
A committee motion to adopt a $6,400,000,000 general fund revenue number for fiscal year 2026 carried in the Joint Finance Appropriations Committee after a roll-call vote.
The motion, identified in committee as the Economic Outlook and Revenue Assessment Committee’s recommendation, was moved during JFAC’s budget-setting session. Committee members debated timing and methodology before voting. Senator Janie Ward Engleking said she would vote no, adding, “I will be voting no on this because I think this is the wrong way to do our budgets,” and explained she preferred setting the revenue projection earlier in the session before considering tax reductions.
Committee staff framed the recommendation as largely aligned with the governor’s economic forecast; staff noted that general fund revenues were running ahead year-over-year but collections were slightly behind forecast and that key revenue months remained forthcoming.
The clerk recorded the joint committee result as 16 ayes, 2 nays and 2 absent and excused; the chair declared the motion adopted and the new revenue number will be used in the committee’s budget work.
