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Legislative staff outlines statewide budget decisions: revenue options, benefits, cost allocations and CEC tradeoffs
Summary
Legislative staff presented the packet of statewide decision items the committee will vote on later in the week, including two revenue forecast options, personnel benefit cost adjustments (notably health insurance), contract inflation, statewide cost allocation changes and competing change‑in‑employee‑compensation (CEC) proposals.
Legislative staff briefed the Joint Finance Committee work group on statewide decision items that the committee will set during the week, including general fund revenue options for FY2026, personnel benefit cost adjustments, contract inflation, statewide cost allocation rates and change‑in‑employee‑compensation (CEC) options.
Division manager Keith Bybee and budget staff told the committee there are two primary revenue options available for FY2026: the governor’s recommended general fund revenue figure ($6.26 billion) and the Economic Outlook and Revenue Assessment Committee’s (EORAC) recommendation ($6.4…
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