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Joint committee adopts FY2025 revenue forecast; debate continues and FY2026 vote postponed
Summary
The Joint Finance-Appropriations Committee adopted the Economic Outlook and Revenue Assessment Committee's FY2025 general fund revenue projection but failed to reach agreement on a FY2026 revenue number and deferred that decision.
The Joint Finance-Appropriations Committee (JFAC) voted unanimously to adopt the Economic Outlook and Revenue Assessment Committee (EORAC) recommended general fund revenue projection for fiscal year 2025.
Senator Woodward moved the motion to set the FY2025 general fund revenue projection at $5,990,000,000, and the motion was seconded. During roll call, the committee recorded 10 ayes from the Senate delegation and 10 ayes from the House delegation for a 20–0 vote. Chairman Groh announced, "The majority having voted in the affirmative from both…
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