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JFAC adopts $6.4 billion FY2026 general fund revenue forecast; divided committee debate yields two nays

3071548 · March 5, 2025
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Summary

The Joint Finance‑Appropriations Committee voted to adopt the Economic Outlook and Revenue Assessment Committee's recommendation of $6.4 billion in general fund revenues for FY2026. The motion passed with 16 ayes, 2 nays and 2 members absent/excused after a brief floor debate about timing of revenue setting.

The Joint Finance‑Appropriations Committee voted Wednesday to adopt a $6,400,000,000 general fund revenue forecast for fiscal year 2026, following a recommendation from the Economic Outlook and Revenue Assessment Committee.

The recommendation was presented to the committee by a Legislative Services Office analyst as the committee resumed work on the FY2026 budget baseline. The Economic Outlook committee had recommended the $6.4 billion figure; committee staff noted the forecast aligns closely with the…

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