Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
JFAC analyst reports FY2026 revenue outlook, flags tax bills that could reduce receipts
Summary
Legislative budget staff told the Joint Finance-Appropriations Committee the Legislature is carrying a General Fund balance into the 2026 session, but pending tax bills — including a proposed income tax cut — could reduce projected revenues next year.
The Joint Finance-Appropriations Committee heard a General Fund update from Legislative Services Division analyst Keith Bybee on the committee’s “green sheet,” the document staff use to track revenue projections and major budget actions.
Bybee told the committee the Economic Outlook Committee adopted a revenue projection of $5.99 billion for fiscal year 2026. He said the Legislature is currently carrying a balance of about $463 million from FY2025 and that the committee’s maintenance budget decisions so far amount to $5.404 billion — a 2.5 percent year-over‑year…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
