STATE BUDGET DIRECTOR JOHN HICKS REPORTED JANUARY’S GENERAL FUND RECEIPTS WERE DOWN THREE-POINT- SEVEN PERCENT COMPARED TO JANUARY
20-25….
THE OFFICIAL GENERAL FUND REVENUE FORECAST CALLS FOR REVENUES TO DECLINE BY ONE-POINT-THREE PERCENT IN FISCAL YEAR-26……AND BASED ON YEAR
TO DATE COLLECTIONS…. REVENUES CAN FALL ONE-POINT-SIX PERCNET OVER THE FINAL FIVE MONTHS OF THE FISCAL YEAR AND STILL MEET THE OFFICIAL
ESTIMATE….
MEANWHILE…….ROAD FUND RECEIPTS DECLINED FIVE-TENTHS OF A PERCENTAGE POINT IN JANUARY…..
THE OFFICIAL ROAD FUND ESTIMATE CALLS FOR ROAD FUND REVENUES TO DECLINE ONE-PERCENT FOR THE FISCAL YEAR…..AND BASED ON YEAR-TO-
DATE COLLECTIONS….REVENUES CAN FALL TWO-POINT-SIX PERCENT FOR THE REMAINDER OF THE FISCAL YEAR AND STILL MEET THE OFFICIAL FORECAST…….