Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Joint Finance committee accepts EROC revenue outlook, urges caution on appropriations
Summary
The Joint Finance-Appropriations Committee accepted the Economic Outlook and Revenue Assessment Committee's revenue report and recommended more conservative general-fund targets than the governor's proposal, noting uncertainty from Federal Reserve policy and the presidential election.
The Joint Finance-Appropriations Committee on Monday accepted the Economic Outlook and Revenue Assessment Committee's (EROC) report and its recommended general-fund revenue targets for fiscal years 2025 and 2026.
EROC co-chair Senator Kevin Cook, who presented the committee's findings, said the panel reviewed tax, business and financial data and heard from economists and industry experts before reaching its median projections. The committee recommended general-fund revenues available for appropriation of $5,990,000,000 for fiscal year 2025 and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
