Nov 9, 2022BoardMeeting
BoardJoint Legislative Budget Committee
The committee reviewed the revenue estimating group's recommendations for the upcoming fiscal year (FY24). Discussion included the likelihood of a recession and its potential impact on revenue. The committee adopted the general fund revenue estimate of \$7,523,800,000 for FY24. The Governor commented on the state's economic growth and job market, attributing the positive trends to state policies. The Governor expressed agreement with the revenue estimate and highlighted opportunities to cut spending and return money to taxpayers.