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Budget office: Parental Choice tax credit, jail per diem bill reduce revenue; projected FY25 balance $460M
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 county-jail per diem payments for inmates held in county jails — with an estimated fiscal impact of $27.7 million.
Bybee summarized statewide changes and noted net general-fund spending to date is about $138.8 million more than the prior year, while total committee actions remained about $245 million below the governor’s recommendation. The current projected ending balance for FY2025 was shown as $460,000,000, subject to further committee action and asterisks on the daily sheet indicating unresolved items.
Why it matters: HB93 would reduce revenue available for appropriation; HB261 would increase costs to the general fund if enacted. The daily sheet informs JFAC’s later choices on trailer appropriations and offsets.
Committee comments: Members asked about next steps for trailer appropriations and how the committee would handle bills affecting both revenue and appropriations. No formal committee action was taken on the update itself; it was presented for information and to guide subsequent motions.
Ending: The committee continued to use the green-sheet daily update to track bills and to prioritize upcoming appropriation decisions.
