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JFAC analyst: revenue outlook unchanged; tax bills and judicial pay proposals could reshape FY26
Summary
Legislative analysts updated the Joint Finance-Appropriations Committee on the General Fund outlook, noting a FY2025 revenue projection of $5.99 billion, a $463 million carryover balance and active tax-relief bills (including House Bill 40) that would reduce projected revenue beginning in FY2026.
Keith Bybee, division manager for budget and policy analysis with the Legislative Service Office, briefed the Joint Finance-Appropriations Committee on the General Fund “green sheet,” the staff summary of current revenue and appropriation activity. “You adopted a revenue projection for fiscal year 2025 of 5,990,000,000.00,” Bybee told members, and he said the Legislature is currently carrying a balance of $463,000,000 from FY2025 appropriations…
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