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Committee briefed on statewide revenue, compensation and benefit options before votes this week
Summary
Legislative staff presented the statewide decisions packet including two revenue forecast options, proposed change‑in‑employee‑compensation (CEC) packages, a proposal for health insurance (personnel benefit) funding and statewide cost allocation adjustments; the committee was told votes are scheduled later in the week.
Keith Bybee and staff from the Legislative Services Office briefed the Joint Finance Committee on the packet of statewide decisions that members will vote on later in the week, including two choices for the general fund revenue forecast, personnel benefit cost adjustments, contract inflation, statewide cost allocations and change‑in‑employee‑compensation (CEC).
Bybee summarized two revenue options: the governor’s recommended general fund revenue number and the Economic Outlook and Revenue Assessment Committee’s projection. He said the committee will set a revenue forecast for purposes of budget setting and noted the governor’s…
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