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JFAC fails to set FY2026 revenue number after divided votes; decision postponed
Summary
Committee members debated three competing revenue baselines for FY2026 (EORAC at $6.4B, governor at $6.261B, and a compromise at $6.33B). Substitute and original motions failed to secure the required majority of both chambers, and the committee postponed a final revenue adoption.
The Joint Finance-Appropriations Committee debated rival FY2026 revenue baselines but did not adopt a number after successive motions failed to secure majorities in both chambers.
Analysts presented three possible revenue baselines: the Economic Outlook and Revenue Assessment Committee (EORAC) recommendation of $6,400,000,000; the governor’s recommended budgeting baseline (a lower figure of roughly $6,261,000,000, incorporating a $330 million item for public schools); and a…
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