Consensus Revenue Estimating Press Conference 11/13/2025

Consensus Revenue Estimating Group · November 14, 2025

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21:06

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20:00

Revenue estimates for FY2026 and FY2027

Presentation

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Presenter Shirley opened with the consensus revenue estimates: total receipts for fiscal year 2026 are estimated at $10,220,000,000 (a $165.9 million, or 1.6% increase vs. the spring estimate) and the initial estimate for fiscal year 2027 is $10,133,000,000 (a $93.9 million, or 0.9% decrease vs. the revised FY2026 estimate).

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Consensus revenue estimating group presented updated state receipt estimates and an economic forecast, reporting modest revenue growth in fiscal 2026, a small decline projected for 2027, and warning the budget will draw down reserves unless expenditures are reined in.

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Transcript

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