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JFAC gets General Fund update; approves commerce transfer, juvenile corrections and corrections management items
Summary
Budget staff reported a moving picture for FY2025–2026 balances. The committee approved a net-zero commerce program transfer and voted to fund juvenile corrections and several Department of Corrections management-service items; vote tallies and outcomes are listed below.
Legislative budget staff told the Joint Finance-Appropriations Committee on March 7 that projected FY2025 ending balances and FY2026 revenue numbers are starting to take shape, and several departmental budget motions were approved by the committee.
General Fund overview: Keith Bybee, division manager for budget policy analysis, reported a projected FY2025 ending balance of about $442 million after recent adjustments and noted the Legislature had set FY2026 revenue at $6.4 billion for planning purposes. Bybee said some major tax bills had been enacted and others were still impacting projected…
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