The legislature has approved the Fiscal Year 2025 budget, guiding spending for the year beginning on July 1, 2024. The budget includes estimated revenues of $53.281 billion and spending of $53.074 billion, making it the largest in state history. It surpasses the Governor's February request by several hundred million dollars and incorporates nearly $1 billion in tax increases.
The legislature has approved the Fiscal Year 2025 budget, which outlines spending for the year beginning on July 1, 2024. The approved budget includes estimated revenues of $53.281 billion and spending of $53.074 billion, marking it as the largest budget in state history. This figure surpasses the Governor's February budget address request by several hundred million dollars and includes nearly $1 billion in tax increases.
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