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JFAC fails to adopt FY2026 revenue forecast after split votes; decision postponed

2490440 · January 16, 2025
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Summary

The committee debated competing FY2026 general fund forecasts — the Economic Outlook committee's $6.4 billion, a substitute $6.33 billion and the governor's lower forecast — but did not obtain a majority from both houses and postponed a final decision.

The Joint Finance‑Appropriations Committee considered multiple general fund revenue forecasts for fiscal year 2026 but did not adopt any figure after competing motions failed to secure a majority in both the House and the Senate delegations on the committee.

Representative Petsky moved to adopt the Economic Outlook and Revenue Assessment Committee recommendation of $6,400,000,000 for FY2026. Senator Woodward offered a substitute motion of $6,330,000,000, which supporters described as a…

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