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Legislative Budget Board previews HB1: modest all‑funds increase, $51 billion in property tax relief included
Summary
Legislative Budget Board staff briefed the committee on the introduced 2026–27 General Appropriations Bill (HB1), describing a $2.8 billion all‑funds increase and major items including $51 billion for property tax relief, contingency public education funding and border, Medicaid and transportation allocations.
Aaron Henriksen and Kevin Cavanaugh of the Legislative Budget Board summarized the introduced version of House Bill 1, the 2026–27 general appropriations bill, and walked members through major funding items and constitutional spending limits.
Henriksen said the HB1 introduced totals represent a modest all‑funds increase of $2.8 billion (about 0.8%) compared with 2024–25 on an all‑funds basis. He highlighted large components of the introduced bill: $51 billion identified for property tax relief (a combination of prior and proposed new relief), contingency funds for additional…
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