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Committee reviews statewide budget choices: two revenue baselines, benefit adjustments and CEC options
Summary
Legislative staff outlined major statewide decision points for FY2026 including two alternative general fund revenue baselines, personnel benefit cost adjustments, contract inflation, statewide cost allocation changes, and competing change-in-employee-compensation (CEC) packages.
Keith Bybee, division manager for Budget Policy Analysis at the Legislative Services Office, and other LSO staff reviewed the packet of statewide decisions that the Joint Finance-Appropriations Committee will consider during the FY2026 budget process.
Two revenue baselines: Bybee presented two options for the FY2026 general fund revenue forecast. The first option follows the governor's baseline revenue figure and the second follows the Economic Outlook and Revenue Assessment Committee's recommendation; the packet lists the governor's figure at $6,260,000,000 and the EORAC figure at $6,400,000,000. Bybee noted the revenue choice will underlie appropriation decisions the committee must make.
Personnel benefit costs: The packet…
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