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Sales tax growth masks smaller general-fund share as statutory earmarks rise, staff tells JFAC
Summary
JFAC budget staff outlined sales-tax distributions that route significant growth to statutory programs — including a tax relief fund and school modernization allocations — reducing the share of sales tax dollars available to the general fund.
Legislative budget staff briefed the Joint Finance-Appropriations Committee on sales-tax collections and statutory distributions, showing that while gross sales-tax receipts have risen, statute-directed earmarks and transfers have reduced the share that flows to the general fund.
Keith Bybee, Division Manager of Budget Policy Analysis, walked members through the legislative budget book tables on sales-tax distributions. He said gross sales-tax collections are projected to grow to about $3.37 billion in fiscal 2025 and $3.5 billion in fiscal 2026; however, statutory distributions — including revenue sharing (11.5% of net…
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