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Legislative economic panel recommends lower revenue forecasts; JFAC accepts report

2867621 · January 10, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Economic Outlook and Revenue Assessment Committee (EROC) told the Joint Finance-Appropriations Committee (JFAC) it recommends more conservative general-fund revenue estimates than the governor’s and JFAC accepted the EROC report by unanimous consent.

The Economic Outlook and Revenue Assessment Committee recommended lower general‑fund revenue projections for Idaho’s next two fiscal years and JFAC accepted that report by unanimous consent.

EROC Co‑Chair Senator Kevin Cook told the committee that after reviewing economic, business and tax data and hearing expert testimony, the committee’s recommended general‑fund revenues available for appropriation are $5,990,000,000 for fiscal year 2025 and $6,400,000,000 for fiscal year 2026 —…

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