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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 then voted on the original motion; that motion also failed to secure the necessary majorities from both the Senate and House delegations. After later procedural votes and additional attempts to reach a compromise, the chair announced the original motion failed and said the revenue decision would be postponed to a later time.
Committee members described the disagreement as a split between a more optimistic EORAC forecast and a more conservative figure favored by some legislators. Several members framed the choice as balancing caution against under‑projecting revenue and avoiding repeated supplemental requests later in the fiscal year.
No revenue figure for FY2026 was adopted at the session; staff and members indicated the committee will revisit the FY2026 revenue number at a later meeting before finalizing agency budgets.
Votes at a glance
- Substitute motion: Adopt general fund projection of $6,330,000,000 for FY2026 — moved by Senator Woodward; seconded. Outcome: Failed. Combined tally reported: 8 ayes, 12 nays.
- Original motion: Adopt EORAC general fund projection of $6,400,000,000 for FY2026 — moved by Representative Petsky (clerical correction during motion); outcome: Failed to obtain required majority of both chambers and was postponed.
Context and next steps
Analysts had presented alternative forecasts, noting differences among the EORAC recommendation, the governor’s recommended number and other conservative estimates. Members said they would return to the FY2026 revenue decision at another time, and staff flagged that the delay will affect scheduling for setting agency budgets.
Ending
Because the committee could not obtain a majority from both chambers for any proposal, the FY2026 revenue projection remains unresolved and will be taken up in a subsequent session.
