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Legislative analysts report $463 million General Fund carryover; revenue projection set at $5.99 billion
Summary
Legislative fiscal staff told the Joint Finance-Appropriations Committee the Legislature is carrying a $463 million balance and has adopted a FY2025 revenue projection of $5.99 billion. Analysts flagged pending tax bills, including an income-tax cut that would reduce revenue beginning FY2026.
Keith Bybee, division manager for budget policy analysis with the Legislative Services Office, briefed the Joint Finance-Appropriations Committee on the General Fund “green sheet,” outlining current revenue and appropriation figures.
Bybee said the committee previously adopted a fiscal year 2025 revenue projection of $5,990,000,000 and that the Legislature is carrying a balance of $463,000,000. He told…
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