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Committee adopts FY2025 revenue projection; FY2026 projection fails to secure both-house majorities and is postponed

2888859 · January 16, 2025
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Summary

The Joint Finance-Appropriations Committee adopted a $5.99 billion general fund revenue projection for FY2025 by a unanimous 20–0 vote and postponed a FY2026 revenue decision after competing motions failed to secure majority support from both chambers.

Keith Bybee, Division Manager of the Budget Policy Analysis Division, presented the committee’s revenue choices and reminded members that the committee would vote first on a FY2025 general fund revenue number and then on FY2026.

For fiscal year 2025, Senator Woodward moved that the Joint Finance and Appropriations Committee adopt the Economic Outlook and Revenue Assessment Committee’s recommended general fund revenue projection of $5,990,000,000 for setting state agency budgets. The motion was seconded by Co-chair Horman. After a voice roll-call vote, the clerk reported a unanimous result: 20 ayes, 0 nays, 0 absent or excused.…

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