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Joint legislative budget committee approves conservative FY2027 recommendation
Summary
The committee voted to adopt a FY2027 spending plan that emphasizes reserves and recurring‑fund discipline, including a 2% set‑aside ($150 million) and across‑the‑board general fund reductions.
The joint legislative budget committee voted to approve its FY2027 budget recommendation, adopting a plan its presenters described as conservative and built using only recurring funds. The motion carried by voice vote after the committee reviewed a staff memorandum that outlined revenue estimates, set‑asides and reductions.
Committee presenters said the package includes a 2% general‑fund set‑aside of $150 million that will be split according to statute between the rainy day fund and capital expenses. "We built a budget using only recurring funds," the presenter said, adding that the recommendation preserves cash balances and strengthens the state's reserves.
The memorandum and discussion listed topline amounts for general, special and support funds and noted a year‑over‑year general fund reduction of approximately $40.6 million compared with 2026. Committee members also discussed changes to PERS contributions and health insurance costs that affected the recommendation. The committee closed the item and moved to the next parts of its agenda after approving the recommendation.
