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Legislative finance analysts report $5.99 billion revenue projection, flag tax bills that could cut FY26 receipts
Summary
Budget analysts told the Joint Finance-Appropriations Committee a $5.99 billion FY2026 revenue projection underlies current planning, maintenance appropriations are about $5.404 billion, and pending tax-cut bills — notably House Bill 40 — could reduce revenue by roughly $253 million in FY2026.
The Joint Finance-Appropriations Committee heard an update on the state General Fund green sheet Tuesday, with Legislative Service Office analysts reporting a revenue projection of $5,990,000,000 that will guide FY2026 planning.
"And just to remind the committee on line 5, you adopted a revenue projection for fiscal year 20 25 of 5,990,000,000.00," said Keith Phibbe, Division Manager of Budget Policy Analysis at the Legislative Service Office. Phibbe walked the committee through the green-sheet items, the maintenance budget and pending bills that could change the revenue outlook.
Why it matters: committee members are still…
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