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Commissioner Bryson presents FY27 recommendation, projects modest revenue growth
Summary
Department of Finance & Administration Commissioner Bryson told the Finance, Ways and Means committee that the administration’s FY27 budget recommendation expects about 2.35% revenue growth and reported revenue collections running above estimates through December.
Commissioner Bryson presented the administration’s FY27 budget recommendation to the Finance, Ways and Means committee on Feb. 3, saying the state is experiencing “moderately slow” revenue growth and citing a 2.35% growth projection for fiscal year 2027. He told members the state was tracking roughly $117,000,000 through December above budget and more recent counts put that nearer $135,000,000 above estimates.
Bryson outlined a general-fund picture built from closing balances and recurring/nonrecurring components, noting closing balances “for FY25 and FY26 of approximately $1,700,000,000” and saying the executive proposed using reserves and 1% agency reductions to create budget space. “We are in fine shape,” he said. The presentation also emphasized a conservative approach—Bryson said the total budget will be lower in nominal terms because federal one-time funds are being spent down, and the administration proposes adding $20,000,000 to the rainy-day fund.
