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Idaho Economic Outlook panel recommends $5.99B for FY25, $6.40B for FY26; JFAC accepts report
Summary
The Economic Outlook and Revenue Assessment Committee (EROC) presented revised revenue recommendations — $5.99 billion for fiscal 2025 and $6.40 billion for fiscal 2026 — and JFAC accepted the report by unanimous consent. The committee urged caution because of uncertainty tied to Federal Reserve actions and the presidential election.
The Economic Outlook and Revenue Assessment Committee recommended general fund revenues of $5.99 billion for fiscal year 2025 and $6.40 billion for fiscal year 2026, and the Joint Finance-Appropriations Committee accepted that report by unanimous consent.
Senator Kevin Cook, co-chair of EROC, told JFAC the committee reviewed business, tax and financial data and heard testimony from economists and industry representatives before setting the recommendations. “We, the committee, recommend to the Senate and House representatives leadership…
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