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Joint finance committee hears General Fund 'green sheet' update as tax bills advance

2508662 · February 7, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Analysts told the Joint Finance-Appropriations Committee the Legislature is carrying a $463 million balance while revenue and tax bills now in play could change the committee's revenue target and budget path.

The Joint Finance‑Appropriations Committee received a General Fund “green sheet” update outlining current revenue and maintenance budget figures and highlighting tax bills that could alter the Legislature’s revenue outlook.

Keith Phibbe, Division Manager of Budget Policy Analysis, told committee members the Economic Outlook Committee and Revenue Assessment recommended a FY2025 revenue projection of $5,990,000,000 and said the Legislature is currently carrying a balance of $463,000,000. He said the…

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