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JFAC staff outlines governor's FY2025–26 budget framework, $700 million structural surplus noted
Summary
Keith Bybee, division manager for budget policy analysis at the Legislative Services Office, told the Joint Finance-Appropriations Committee that the governor's revenue forecast yields roughly a $700 million structural cushion for FY2025–26, while recommending program maintenance spending of about $5.4 billion and total FY2026 general‑fund appropriations near $5.65 billion.
Chairman Grohl convened the Joint Finance-Appropriations Committee, and Keith Bybee, division manager for budget policy analysis with the Legislative Services Office, presented a state general fund overview and the governor's FY2025 and FY2026 budget recommendations.
Bybee said the state’s projected structural balance — the gap between ongoing revenues and ongoing obligations — is about $700 million for FY2025 and remains roughly the same in FY2026 under the governor’s revenue forecast. He told the committee the governor’s baseline revenue recommendation for FY2025 is about $5.9 billion and that the governor’s recommended total appropriations for FY2026 would result in a program-maintenance general-fund baseline of about $5.4 billion and a total recommended…
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