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JFAC accepts EROC revenue recommendation, committee urges caution on appropriations
Summary
The Joint Finance-Appropriations Committee accepted the Economic Outlook and Revenue Assessment Committee's revenue recommendations for fiscal 2025 and 2026 by unanimous consent and was urged to be cautious about appropriations above those figures.
The Joint Finance-Appropriations Committee on Friday accepted a report from the Economic Outlook and Revenue Assessment Committee recommending adjusted general fund revenue estimates for fiscal 2025 and 2026.
The EROC co-chairs presented the committee's median projections and recommended totals available for appropriation: $5,990,000,000 for fiscal 2025 and $6,400,000,000 for fiscal 2026. Senator Kevin Cook, EROC co-chair, told JFAC members the committee had reviewed business, tax…
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