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Idaho JFAC adopts FY2025 revenue projection; FY2026 revenue floor postponed after split votes
Summary
The committee adopted the Economic Outlook and Revenue Assessment Committee projection for FY2025 revenue but failed to reach the required dual-house majorities on FY2026 revenue projections and postponed the decision.
The Joint Finance and Appropriations Committee on Friday adopted the Economic Outlook and Revenue Assessment Committee’s recommended general fund revenue projection for fiscal year 2025, but it failed to reach the committee’s required majority in both chambers for the fiscal year 2026 revenue projection and postponed that decision.
Senator Woodward moved that JFAC adopt the EORAC recommendation of $5,990,000,000 in general fund revenues for fiscal year 2025 for setting state agency budgets. The motion received support from members of both houses and passed unanimously at the committee level: the clerk read…
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