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JFAC adopts FY2025 revenue projection of $5.99 billion; FY2026 revenue decision postponed after split votes
Summary
The Joint Finance‑Appropriations Committee voted to set the FY2025 general fund revenue projection at $5,990,000,000 (Economic Outlook and Revenue Assessment Committee recommendation). Multiple motions over FY2026 revenue failed to secure a majority of both houses and the committee postponed the FY2026 revenue decision.
The Joint Finance‑Appropriations Committee voted to set the fiscal‑year‑2025 general fund revenue number at $5,990,000,000, following a motion by Senator Woodward to adopt the Economic Outlook and Revenue Assessment Committee’s (EORAC/ EROC) recommendation.
Senator Woodward moved the EORC recommendation; the motion was seconded and passed on a roll call. The committee clerk reported unanimous support in both chambers: 10 ayes and 0 nays in the Senate and 10 ayes and 0 nays in…
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