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Joint finance committee adopts FY2025 revenue projection; FY2026 decision postponed after divided votes
Summary
The Joint Finance-Appropriations Committee adopted the Economic Outlook and Revenue Assessment Committee's FY2025 general fund revenue projection of $5.99 billion by unanimous roll call. Multiple competing motions for the FY2026 revenue number were debated; no FY2026 revenue number cleared both houses in committee and the decision was postponed.
Senator Woodward moved that the Joint Finance-Appropriations Committee adopt the Economic Outlook and Revenue Assessment Committee's recommended general fund revenue projection of $5,990,000,000 for fiscal year 2025. The motion carried on a roll-call vote that the chair recorded as a unanimous 20-0 (10-0 in the Senate; 10-0 in the House).
The committee then took up setting a revenue projection for fiscal year 2026. The Economic Outlook and Revenue Assessment Committee had recommended $6.4 billion; the governor's recommendation shown in materials was lower. Representative Petsky (who introduced the FY2026 motion on behalf of the committee) moved to adopt the Economic Outlook…
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