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Joint Finance Committee adopts revised FY2025 revenue projection of $5.99 billion
Summary
The Joint Finance-Appropriations Committee voted unanimously to set Idaho’s FY2025 general fund revenue projection at $5,990,000,000, adopting the Economic Outlook and Revenue Assessment Committee recommendation and superseding the governor’s lower figure for use in agency budgets.
The Joint Finance-Appropriations Committee on Friday adopted a revised general fund revenue projection of $5,990,000,000 for fiscal year 2025, using the Economic Outlook and Revenue Assessment Committee’s recommendation to set state agency budgets.
Senator Woodward moved adoption of the EORAC figure, saying the adjustment was needed “based on updated revenue numbers.” The motion was seconded on the floor and put to roll-call votes for both the Senate and the House membership of JFAC. After the Senate and House tallies were read, the committee clerk announced a final, combined vote: 20 yeas, 0 nays, 0 absent or excused. The chair declared the motion passed.
The committee follows an internal voting rule that requires a majority from both the Senate and the House membership present at JFAC before the committee moves a budget decision to the floor. Committee members said the dual-majority requirement was intended to strengthen floor consideration and reduce prospects of a motion proceeding with only one house’s support.
Adoption of the EORAC revenue number will be used to set agency maintenance budgets and other statewide decisions at the committee’s next steps.
Votes at a glance
- Motion: “Adopt the Economic Outlook and Revenue Assessment Committee's recommended general fund revenue projection of $5,990,000,000 for fiscal year 2025.” — Moved by Senator Woodward; seconded (member not specified on transcript). Outcome: Passed. Vote: Senate 10–0; House 10–0; combined 20–0.
Context and next steps
Commitments made under the adopted revenue base will be used when the committee votes on agency maintenance budgets. Staff noted that the adopted number differs from the governor’s original recommendation and was based on updated information provided to the committee by analysts.
Ending
The committee placed the FY2025 revenue number on the record for use in agency budget settings and moved on to other statewide decisions on the agenda.
