Ways and Means panel adopts conservative revenue estimates for 2025–27 and finalizes tax-category figures

The House Ways and Means Committee on Feb. 11 set its revenue estimates for key tax categories covering fiscal years 2025–27, adopting conservative, middle-ground figures and a handful of agency-provided projections for the fiscal-plan documents the committee will send forward.

Committee members focused on the gross receipts first and then discussed the transfers that reduce amounts available to the General Fund — notably municipal transfers and school-building aid for meals-and-rooms receipts and statutory transfers tied to business taxes. Chris, a Department of Revenue Administration analyst, summarized the spreadsheets and the DRA calculations that convert gross figures into net amounts available to the General Fund and the Education Trust Fund, saying the documents “take the numbers that were provided for ’25, the low and the high, and then it takes the percentages that were offered… and applies it to those.”

Why it matters: The committee’s choices will be rolled into a resolution and presented to the full House; small differences in percentage points in these categories change the sums available for state programs and local transfers during a two-year budgeting window.

What the committee decided (highlights) - Insurance tax (column F): The committee voted to accept the DRA-provided estimates for fiscal 2025 (column F). Representative Almi moved the motion and Representative Buhlery seconded it; the clerk…