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JFAC adopts Economic Outlook report, sets committee revenue recommendation after debate
Summary
The Joint Finance-Appropriations Committee adopted the Economic Outlook and Revenue Assessment Committee’s recommended revenue figures (with a corrected FY2027 percentage), after debate about whether to 'accept' the committee report for future action or formally 'adopt' it as JFAC’s revenue number. Final votes were unanimous across both chambers.
The Joint Finance-Appropriations Committee (JFAC) adopted the Economic Outlook and Revenue Assessment Committee’s revenue recommendation and will carry a due-pass recommendation after a final roll-call vote, committee leaders said.
Senator Cook, co-chair of the Economic Outlook committee, opened the presentation by recommending committee median general fund totals and urging caution against making appropriations above those figures. The committee recommended total general fund revenues available for appropriation of $5,000,000,665,100,000 for fiscal year 2026 and $5,000,000,816,600,000 for fiscal year 2027, according to the committee report presented to JFAC.
Representative Jeff Ehlers (co-chair) said the committee selected the median of outside experts and the governor’s projections to balance competing forecasts. "The committee came in sort of right in the middle there, at the…
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