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Legislative revenue advisers recommend lower forecasts than governor; JFAC accepts EROC report
Summary
The Joint Finance-Appropriations Committee accepted the Economic Outlook and Revenue Assessment Committee report, which recommended updated general-fund revenue figures for fiscal years 2025 and 2026 and urged caution on appropriations above those levels.
The Joint Finance-Appropriations Committee on an unanimous-consent vote accepted the Economic Outlook and Revenue Assessment Committee (EROC) report recommending total general-fund revenues available for appropriation of $5,990,000,000 for fiscal year 2025 and $6,400,000,000 for fiscal year 2026.
The EROC report — which the committee said fulfills its duty under Idaho Constitution, Article VII, Section 11 to assess whether appropriations are balanced with revenue — compared the committee’s median…
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