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JFAC accepts EROC revenue recommendation calling for cautious appropriations
Summary
The Joint Finance-Appropriations Committee accepted the Economic Outlook and Revenue Assessment Committee's revenue recommendation, which set median general fund estimates of $5.99 billion for FY2025 and $6.4 billion for FY2026 and advised caution above those levels.
The Joint Finance-Appropriations Committee accepted the Economic Outlook and Revenue Assessment Committee (EROC) report and its recommended general fund revenue assumptions, the committee announced during the meeting.
EROC co-chair Senator Kevin Cook presented the committee's median recommendations, telling JFAC the panel recommends 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 noted those figures differ from the governor's projections and urged caution in making…
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