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Work group reviews statewide budget decisions: revenue options, health‑insurance cost and employee compensation
Summary
Legislative staff briefed the committee on key statewide decisions that will shape agency budgets: two revenue forecasts, personnel benefit cost adjustments (health insurance), contract inflation, statewide cost allocation, and competing proposals for change in employee compensation (CEC).
Keith Bybee, Division Manager for Budget Policy Analysis at the Legislative Services Office, briefed the committee on a packet of statewide budget decisions that the Joint Finance work group will consider, including two alternative general‑fund revenue forecasts, personnel benefit cost adjustments, contract inflation, statewide cost allocation and change in employee compensation (CEC).
Bybee described two revenue options: the governor’s revenue baseline for FY2026 presented in the packet at $6.26 billion and an Economic Outlook and Revenue Assessment Committee (EORAC) recommendation of $6.40 billion for use in setting budgets. The packet also proposed a personnel benefit cost adjustment for health insurance;…
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