The Office of the State Budget Director reported last week that General Fund receipts declined 1.5 percent in September with revenues of $1,504.5 million compared to September of 2024.

Collections for the month fell short of last September’s total by $22.6 million. The official General Fund revenue estimate for FY26 calls for revenue to decline 2.3 percent compared to FY25 actual receipts. Based on receipts through the first quarter, General Fund revenues can decline 2.1 percent for the remainder of the fiscal year and still meet the official estimate. The Consensus Forecasting Group (CFG) met earlier in September to officially revise the FY26 revenue estimates and provide preliminary estimates for FY27 and FY28. Official revenue estimates for the upcoming biennial budget process will be

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