Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Economic and Revenue Forecast Council adopts conference assumptions for 2026 budget outlook, approves six guidance items
Summary
The Economic and Revenue Forecast Council voted on six technical guidance items for the 2026 budget outlook — adopting the conference committee’s assumptions for reversions, prior‑period adjustments and three nonmandatory projected expenditures (BSA repayment, city/county fiscal health funding and free school meals). Several members objected to adopting budget‑written assumptions as outlook standards.
The Economic and Revenue Forecast Council met April 14 and approved guidance for the 2026 budget outlook on six items brought forward by the Outlook technical work group, adopting the conference budget’s assumptions on reversions, prior‑period adjustments and three nonmandatory out‑biennium items.
Senator Robinson convened the meeting and said the council would take each item, hear from staff, ask questions and then vote. Corbin Nemeth, Outlook staff to the council, described the six decision points and the rationale behind each recommendation, and identified the conference budget assumptions that the work group asked the council to accept.
On reversion assumptions, Nemeth said the conference approach uses a 1% general fund reversion assumption for fiscal year 2026 and 0.9% in fiscal years 2027–2029. Representative Orcutt moved to maintain ERFC historical practice (1% in FY26, 0.75% thereafter) arguing that the council should preserve consistent standards. Representative Berg opposed and moved to adopt the conference…
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
