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JFAC adopts FY2025 revenue projection, defers FY2026 decision after split votes
Summary
The Joint Finance-Appropriations Committee adopted the Economic Outlook and Revenue Assessment Committee's FY2025 general fund revenue number unanimously, but could not reach the required majority from both chambers on FY2026 and postponed that decision.
The Joint Finance-Appropriations Committee on Friday voted to set the FY2025 general fund revenue projection at the Economic Outlook and Revenue Assessment Committee’s recommendation of $5,990,000,000, a motion made by Senator Woodward and adopted by roll call. The committee recorded a unanimous combined vote of 20–0 (10 Senate, 10 House), satisfying the panel’s requirement for a majority in each chamber to move budget…
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