#RevenueForecasts

Citizen Portal News Washington

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3 days ago

Governor warns budget remains fragile despite legislative wins The governor cautioned that the state budget is not stable, citing a prior $16 billion shortfall, one‑time transfers and an $800 million projected deficit in 2028, and said he will watch revenue forecasts before proposing new taxes.

The governor warns that despite recent legislative successes, Washington's budget is still teetering on the edge of a $800 million deficit by 2028.

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#WA #CitizenPortal #LegislativeAccountability #RevenueForecasts #FiscalResponsibility

Citizen Portal News Vermont

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2 months ago

Ways & Means committee hears briefing on Vermont corporate income tax, Act 148 changes and revenue outlook Legislative staff briefed the Ways & Means Committee on who is taxed under Vermont's corporate income tax, how the state apportions income (single sales factor and unitary combined reporting), recent Act 148 changes and the tax's volatility for the general fund.

Vermont's corporate tax landscape is shifting dramatically with new changes under Act 148, impacting how businesses are taxed and state revenue forecasts.

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#VT #RevenueForecasts #TaxReform #FiscalTransparency #VermontCorporateTax #CitizenPortal

Citizen Portal News Colorado

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3 months ago

Transportation Commission approves consent agenda, adopts FY 2026–27 draft budget and time‑of‑day toll rates The Transportation Commission approved a two‑item consent agenda and adopted Resolution 482 (draft FY 2026–27 budget) and Resolution 483 (time‑of‑day toll rates for express corridors). Board and staff said further updates to forecasts and communications will follow; vote counts were described as unanimous but not enumerated in the transcript.

The Transportation Commission has taken a significant step by approving the FY 2026–27 draft budget and new time-of-day toll rates, paving the way for future updates on revenue and pricing strategies.

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#CO #CitizenPortal #BudgetApproval #TollRatePolicy #RevenueForecasts

Citizen Portal News Idaho

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9 months ago

Legislature reviews revenue forecast amid projected shortfalls for 2025 budget Forecast reveals $97M revenue shortfall, impacting 2025 budget projections significantly.

Idaho faces a staggering $97 million revenue shortfall, but a glimmer of hope shines through as year-to-date collections still exceed last year's numbers.

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#ID #CitizenPortal #TaxReform #FiscalResponsibility #RevenueForecasts

Citizen Portal News Colorado

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10 months ago

Colorado legislature adjusts tax credits linked to state revenue growth forecasts Legislature modifies tax credits to align with forecasts for fiscal year 2024-25 revenue.

Colorado's legislature is shaking things up by adjusting tax credits to match the latest revenue growth forecasts for 2024-25!

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#CO #CitizenPortal #FiscalResponsibility #RevenueForecasts

Citizen Portal News Colorado

@citizenptnewsco.bsky.social

10 months ago

Colorado General Assembly revises income tax credit growth calculation in House Bill 25-1335 House Bill 25-1335 updates tax credit availability based on revised revenue forecasts.

Colorado's House Bill 25-1335 is shaking up tax credit availability with new revenue forecasts—find out how this could impact your wallet!

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#CO #CitizenPortal #FiscalPolicy #RevenueForecasts

Citizen Portal News Alaska

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1 year ago

Alaska forecasts $1.9B in petroleum revenue for fiscal 2025 despite production challenges Petroleum taxes projected to yield $1.3B in fiscal 24 and $1.9B in fiscal 25.

Alaska's lawmakers are grappling with a $1.9 billion revenue forecast amidst shifting oil production dynamics and complex tax challenges.

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#AK #RevenueForecasts #EconomicSustainability #TaxStructure #AlaskaOilAndGas #CitizenPortal