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Commissioner Bryson presents FY26 budget overview, cites modest revenue growth and use of one-time funds
Summary
Commissioner Bryson told the Senate Finance, Ways and Means Committee the governor's FY26 budget assumes 2% tax revenue growth, relies on previously reserved recurring funds used as one-time investments, and proposes targeting $3.6 billion of available recurring/nonrecurring resources for FY26 spending.
Commissioner Bryson, of the Department of Finance and Administration, presented the governor's FY26 budget overview to the Senate Finance, Ways and Means Committee, saying the budget assumes modest tax growth and uses prior one-time reserves to smooth spending.
Bryson said the administration expects state tax revenue to grow about 2% in FY26, telling the committee the state "expect[s] state revenues to grow slightly to $29,500,000,000 compared to $27,000,000,000 in FY '25." He said total revenues for FY26 will be affected by the end of federal COVID-era programs and estimated total available revenues are "just north of 3,600,000,000" in additional funds the budget can spend.
The…
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