Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
JFAC analyst: FY2025 revenue projection set; tax-cut bills and judicial salary measures could shift outlook
Summary
Legislative analysts told the Joint Finance-Appropriations Committee the Legislature is carrying a roughly $463 million balance and that pending tax-cut and judicial salary bills could reduce projected revenues starting FY2026.
The Joint Finance-Appropriations Committee heard an update on the General Fund “green sheet” budget from Division Manager of Budget Policy Analysis Keith Bybee, who told members the FY2025 revenue projection adopted earlier is $5,990,000,000 and that the Legislature currently carries a balance of about $463,000,000.
Bybee said the Legislature’s maintenance budget after recent JFAC action totals about $5,404,000,000 — roughly a 2.5% increase over the prior year and about $250,000,000 below the governor’s maintenance proposal. He highlighted several active bills that could alter revenue or spending before final budgets are…
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
