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JFAC fails to agree on FY2026 revenue projection and postpones decision

2305157 · January 16, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Committee members debated multiple revenue estimates for FY2026 — including a $6.40 billion EORAC recommendation, a $6.33 billion substitute and the governor's lower recommendation — but no proposal secured the required majority from both chambers; the committee postponed final action.

The Joint Finance-Appropriations Committee considered competing general fund revenue projections for fiscal year 2026 but was unable to adopt a single number after multiple votes and substitute motions.

Representative Petsky initially moved the EORAC committee’s recommendation of $6,400,000,000. Senator Woodward offered a substitute of $6,330,000,000 citing a “conservative” approach. Committee debate followed, and a roll call on the substitute motion produced a combined tally that failed to meet committee thresholds: the substitute motion lost (8 ayes, 12 nays, combined). The committee…

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