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JFAC accepts EROC revenue recommendation of $5.99B for FY2025, $6.4B for FY2026
Summary
The Joint Finance-Appropriations Committee accepted the Economic Outlook and Revenue Assessment Committee's revenue recommendation, which is below the governor's forecast and urges caution given economic uncertainty.
The Joint Finance-Appropriations Committee on Friday accepted a report from the Economic Outlook and Revenue Assessment Committee recommending total general fund revenues of $5.99 billion for fiscal 2025 and $6.4 billion for fiscal 2026.
Sen. Kevin Cook, co-chair of the Economic Outlook and Revenue Assessment Committee, told JFAC the committee reviewed business, tax and…
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