Joint Committee on Ways and Means -- 12-02-24

Joint Committee on Ways and Means · December 2, 2024

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Call to order and opening instructions

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Chair Aaron Mikowitz called the hearing to order, welcomed members and attendees, noted some members joining remotely and said the committee will begin work on the FY26 budget and a consensus revenue number. He named present members and said there was not yet a quorum. (House chair: Aaron Mikowitz)

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Joint Committee on Ways and Means convened a FY2026 consensus revenue hearing to review Department of Revenue forecasts, surtax collections, lottery and fund reports, and expert projections on economic risks (SALT cap, federal policy, Medicaid, immigration and capital gains). Committee members questioned presenters about surtax timing, behavioral effects and budget assumptions.

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Transcript

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