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Joint Finance staff outline statewide revenue and compensation choices for upcoming votes
Summary
Legislative analysts presented options for the General Fund revenue forecast, personnel benefit costs, contract inflation, statewide cost allocation and employee compensation (CEC). The committee will vote on those statewide decisions later in the week.
Legislative Services Office staff briefed the Joint Finance‑Appropriations Committee on five statewide decision items that will shape FY2026 budgets: the general fund revenue forecast, personnel benefit cost adjustments, contract inflation, statewide cost allocation and change in employee compensation (CEC).
Keith Bybee, Division Manager for Budget Policy Analysis at the Legislative Services Office, and other analysts walked members through two revenue options (the governor’s recommended forecast and the Economic Outlook and Revenue Assessment Committee’s…
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