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Legislative analysts report $463 million fund balance; tax-cut bills could reduce future revenue
Summary
Legislative budget staff briefed the Joint Finance and Appropriations Committee on the General Fund "green sheet," reporting a current carryover balance and identifying several tax bills that could reduce revenue in later fiscal years.
Legislative analysts told the Joint Finance-Appropriations Committee that the state is carrying an estimated General Fund balance of $463 million and that several pending tax bills could reduce projected revenue in future years.
The briefing Thursday by Keith Bybee, Division Manager, Budget Policy Analysis, Legislative Services Office, summarized actions to date on the committee's ‘‘green sheet.’’ Bybee told the committee that the Legislature adopted a revenue…
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