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JFAC adopts $6.4 billion general fund revenue number for FY2026 over objections from some members
Summary
The Joint Finance-Appropriations Committee adopted the Economic Outlook and Revenue Assessment Committee's recommendation of $6.4 billion for FY2026 general fund revenue; vote totals were 16 ayes, 2 nays and 2 absent/excused as recorded in the meeting.
The Joint Finance-Appropriations Committee voted to adopt a general fund revenue estimate of $6,400,000,000 for fiscal year 2026, following a presentation from budget staff and a motion to accept the Economic Outlook and Revenue Assessment Committee's recommendation.
Budget staff presenting the report summarized the range of forecast inputs: the Economic Outlook Committee recommended $6.4 billion; the presenter recorded a governor baseline forecast figure and noted differences between median committee projections and the governor's baseline. During discussion, a committee member pointed out that collections to date were running slightly behind forecast and emphasized that April and June remain major revenue months.
Senator Janie Ward Engleking said she would vote no, stating in part: "I've been on this committee for a long time, and I will be voting no on this because I think this is the wrong way to do our budgets." The motion carried by the committee. The roll-call summary recorded 6 ayes, 2 nays and 2 absent/excused in the Senate portion and 10 ayes, 0 nays in the House portion, for an overall committee total of 16 ayes, 2 nays and 2 absent/excused. The committee chair announced the revenue number will move forward.
Why it matters: The adopted revenue number establishes the baseline assumption the committee will use in finalizing FY2026 budget decisions, shaping what levels of spending and tax policy the legislature can adopt within that fiscal year.
