Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee adopts median-based revenue projections and approves letter to JFAC
Summary
The Economic Outlook and Revenue Assessment Committee voted 10–8 to adopt median-based general fund revenue projections for FY2026 and FY2027 and unanimously (17–1) approved a report letter that will be presented to JFAC tomorrow; a spreadsheet formula error prompted a short recess for corrections.
The Economic Outlook and Revenue Assessment Committee voted to adopt median-based general fund revenue projections of $5,000,000,665,100,000 for fiscal year 2026 and $5,000,000,816,600,000 for fiscal year 2027, and approved a report to be presented to the Joint Finance-Appropriations Committee (JFAC) the following morning.
Christopher Lahoset, a budget and policy analyst with the Legislative Services Office, opened the committee’s presentation and walked members through the worksheet showing left-column FY2026 estimates, middle-column FY2027 and comparisons to the governor’s recommendation. He apologized after members identified a copying/formula error in the spreadsheet and said, “My sincerest apologies to the committee, there was a formula issue in the spreadsheet.” The panel recessed…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
