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JFAC fails to agree on FY2026 revenue projection and postpones decision
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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