Estimates for the State General Fund (SGF) are developed using a consensus process that involves the Legislative Research Department, Division of the Budget, Department of Revenue, and consulting economists from state universities. This estimate is the base from which the Governor and the Legislature build the annual budget. The Consensus Group met on November 13, 2025, to revise the estimates for fiscal year (FY) 2026 and to make its initial forecast for FY 2027. For FY 2026, the previous estimates were made in April 2025 and subsequently adjusted for legislation enacted during the veto session.
The overall estimate for FY 2026 was increased by $165.9 million. Of this amount, the estimate for total taxes was increased by $149.0 million, while the estimate for other revenues was increased by $16.9 million.
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