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Legislative committee accepts EROC revenue assessment, recommends $5.99B for FY2025
Summary
The Joint Finance Committee accepted the Economic Outlook and Revenue Assessment Committee's report and its revenue recommendations for the current budget cycle, urging caution on appropriations above the committee's figures given economic uncertainty.
The Joint Finance Appropriations Committee on Monday accepted the Economic Outlook and Revenue Assessment Committee's (EROC) revenue report and its recommended general fund totals for the coming budget years.
EROC Co-chair Senator Kevin Cook told the committee the panel recommends 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 committee urged…
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