Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Staff briefed JFAC on sales-tax distribution changes and provided a general fund update
Summary
Budget staff outlined how statutory sales-tax distributions and newer earmarks (including the tax relief and Techum allocations) have reduced the share of gross sales tax available to the general fund and provided the committee's daily general fund update.
Budget Policy and Analysis staff told the Joint Finance-Appropriations Committee that statutory distributions and recent earmarks have materially reduced the share of gross sales tax that flows into the General Fund, and provided the committee with a general fund daily update to track where appropriations stand relative to the governor's budget.
Keith Bybee explained that total gross sales-tax collections are projected to grow (staff cited roughly $3.37 billion in 2025 and $3.50 billion in 2026), but statutory distributions reduce the amount that reaches the General Fund. Key deductions include refunds, revenue sharing (11.5 percent of net collections),…
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
