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Legislative analysts report 2.5% year-over-year growth in state general fund; several tax bills still could change outlook
Summary
A Legislative Services Office analyst told the Joint Finance-Appropriations Committee that the committee's current general fund plan shows a 2.5% increase year over year but that several pending tax bills — including an income tax cut — could reduce projected revenue.
BOISE — The Joint Finance-Appropriations Committee (JFAC) heard an update on the state general fund on the committee’s “green sheet,” showing a modest year-over-year rise but pointing to pending legislation that could change the revenue outlook.
Keith Bybee, division manager for Budget and Policy Analysis, told the committee that the committee previously adopted a FY2025 revenue projection of $5.99 billion and that, after accounting for original appropriations, reappropriations and executive carryover, the Legislature is currently carrying a balance of about $463 million. “Right now, you have a 2.5% budget increase year over year,” Bybee said.
Why it matters: The green sheet is…
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