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JFAC deadlocks on FY2026 revenue forecast; vote postponed after split between chambers

2139727 · January 16, 2025
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Summary

The Joint Finance‑Appropriations Committee could not agree on a FY2026 general fund revenue projection. A substitute motion for $6.33 billion failed to win the necessary majority in both chambers; the committee did not adopt a final FY2026 revenue number and postponed further action.

Committee members debated three possible FY2026 general fund projections before several recorded votes produced no outcome that met JFAC’s requirement for majority support in both the Senate and House.

Representative Penske moved that the committee adopt the Economic Outlook and Revenue Assessment Committee’s recommended FY2026 general fund projection of $6,400,000,000. Senator Woodward offered a substitute motion to adopt a $6,330,000,000 projection as a compromise between the higher ERAC figure and the governor’s more conservative estimate. Members debated economic assumptions and committee process; speakers described the $6.33 billion number as a conservative compromise.

The substitute motion carried in one chamber but failed to win the necessary majority in both chambers overall (final grand tally 8 ayes, 12 nays), so the committee then considered the original motion. When the committee voted on the original motion, it failed to secure majorities in both chambers: the recorded vote produced 14 ayes and 6 nays overall, but the Senate did not register a majority in favor, so the original motion also failed. Committee leadership said voting on the FY2026 revenue projection would be postponed to a later time.

Motion texts (as moved): • Original motion (Rep. Penske): adopt ERAC recommended FY2026 general fund revenue projection of $6,400,000,000. • Substitute motion (Sen. Woodward): adopt a general fund revenue projection of $6,330,000,000.

Committee members who spoke publicly during debate included Representative Penske, Senator Woodward, Senator Galloway and Senator Ward‑Engelking, who described the votes as a mix of conservative caution and compromise; members said they expect to revisit the FY2026 revenue number in a later session.