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JFAC analyst says state faces tax-cut decisions as General Fund shows modest growth
Summary
Legislative analysts told the Joint Finance-Appropriations Committee the General Fund shows a 2.5% year-over‑year maintenance increase but faces potential revenue reductions if pending tax-cut bills pass, and several judicial salary and judge-creation bills could affect committee work.
The Joint Finance-Appropriations Committee on Wednesday heard an update on the General Fund “green sheet” showing a modest maintenance budget increase but a set of pending tax bills that could reduce projected revenues.
Keith Phibbe, division manager for budget and policy analysis with the Legislative Services Office, told the committee the adopted revenue projection for fiscal 2026 was $5,990,000,000 based on the Economic Outlook Committee and Revenue Assessment…
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