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Economic outlook committee recommends lower revenue forecasts; JFAC accepts report
Summary
The Joint Finance-Appropriations Committee accepted the Economic Outlook and Revenue Assessment Committee(EROC) report, which recommends lower general-fund revenue estimates than the governor's proposals for fiscal years 2025and 2026 and urges caution on appropriations above the recommended levels.
The Joint Finance-Appropriations Committee on Friday accepted a report from the Economic Outlook and Revenue Assessment Committee that recommends lower general-fund revenue estimates than those in Governor Brad Littles budget submission. The committeerecommended general-fund revenues available for appropriation of $5.99 billion for fiscal 2025 and $6.40 billion for fiscal 2026 and asked JFAC to be cautious about appropriations above those amounts.
Why it matters: EROC is statutorily charged under Article VII, Section 11 of the Idaho Constitution with reviewing revenue projections and advising the Legislature on their reasonableness. Its advice…
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