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Economic Outlook committee recommends $5.99B for FY2025, $6.40B for FY2026; report accepted
Summary
The Joint Finance committee heard the Economic Outlook and Revenue Assessment Committee (EROC) report recommending more conservative general fund revenue estimates than the governor’s, and accepted the report by unanimous consent.
The Joint Finance-Appropriations Committee on Monday accepted a report from the Economic Outlook and Revenue Assessment Committee recommending general fund revenue estimates of $5,990,000,000 for fiscal year 2025 and $6,400,000,000 for fiscal year 2026.
Senator Kevin Cook, co‑chair of EROC, told JFAC the committee had completed “our overall assessment of Governor Little's general fund revenue projections” and had reviewed testimony from economists and business leaders. Cook said the committee’s median projections were below the…
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