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Joint finance committee accepts EROC revenue recommendation, adopts cautious targets for FY2025–26
Summary
The Joint Finance-Appropriations Committee accepted the Economic Outlook and Revenue Assessment Committee's revised general fund revenue recommendations, setting more cautious targets than the governor's budget for FY2025 and FY2026.
The Joint Finance-Appropriations Committee on Friday accepted a report from the Economic Outlook and Revenue Assessment Committee (EROC) recommending lower general fund revenue estimates than those in Governor Brad Little's budget for fiscal years 2025 and 2026.
EROC co-chair Senator Kevin Cook told the committee the panel recommends setting available general fund revenues at $5.99 billion for fiscal 2025 and $6.40 billion for fiscal 2026. Those figures are below the governor's proposed totals: the governor's revenue…
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