The state's expected general fund ending balance for 2025-27 has been revised from $473 million down to negative $373 million, largely due to the Trump bill.
The loss is slightly offset by state-level changes such as a small increase in projected business tax revenue, but the net result is still a loss of about $621 million in general fund dollars. The decrease tips the 2025-27 biennium into negative territory, with a projected general fund deficit of $373 million.
4·8 months ago