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Budget office: Parental Choice tax credit, jail per diem bill reduce revenue; projected FY25 balance $460M

2490734 · February 21, 2025
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Summary

Legislative budget analysts told JFAC that Senate passage of House Bill 93 (Parental Choice Tax Credit) reduces projected revenue by $50 million, and House Bill 261 (county jail per diem increase) would add roughly $27.7 million in costs; the current projected FY2025 ending balance is about $460 million.

Keith Bybee, division manager for budget policy analysis, gave the committee an updated general-fund daily sheet showing revenue and appropriation changes since the previous week.

Bybee said the Senate had passed House Bill 93 (Parental Choice Tax Credit Act), and the fiscal note reduces state revenues by $50 million. He also highlighted House Bill 261 — a proposed doubling of…

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