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Joint committee adopts higher FY2025 revenue projection; FY2026 projection left open after split votes
Summary
The Joint Finance and Appropriations Committee adopted the Economic Outlook and Revenue Assessment Committee’s revenue projection for fiscal 2025 but failed to agree on a FY2026 revenue number, leaving that decision for a later time.
The Joint Finance and Appropriations Committee voted to adopt the Economic Outlook and Revenue Assessment Committee’s recommended general fund revenue projection of $5,990,000,000 for fiscal year 2025.
Keith Bybee, Division Manager of the Budget Policy Analysis Division, reviewed the packet and explained that the Economic Outlook and Revenue Assessment Committee’s projection differed from the governor’s…
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