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JFAC adopts $5.99 billion general fund revenue projection for FY2025

2490440 · January 16, 2025
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Summary

The Joint Finance‑Appropriations Committee voted unanimously to use the Economic Outlook and Revenue Assessment Committee(EORAC) revenue estimate of $5.99 billion when setting state agency budgets for fiscal year 2025.

The Joint Finance‑Appropriations Committee adopted the Economic Outlook and Revenue Assessment Committee(EORAC) recommendation of $5,990,000,000 in general fund revenues for fiscal year 2025, a number members said reflects updated revenue information and will be used to set state agency budgets.

The vote passed with a majority in both chambers of the committee: 10 senators and…

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