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Legislative analysts report $463 million General Fund carryover; revenue projection set at $5.99 billion

2998640 · February 7, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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