The resolution affirms the revenue estimates for the fiscal years 2025, 2026, and 2027 as presented by the House Ways and Means Committee. These estimates are based on current laws and economic conditions and cover various revenue sources, including business taxes, meals and rooms tax, tobacco tax, liquor sales, and more. The total estimated revenue for the General and Education Trust Funds is projected to be approximately $3.165 billion in FY 2025, decreasing to about $2.961 billion by FY 2027.
Additionally, the resolution outlines estimates for Highway Funds and Fish and Game Funds. The Highway Funds are expected to generate around $260.5 million in FY 2025, with a slight increase to $262.8 million by FY 2027. The Fish and Game Funds are projected to remain relatively stable, with estimates of approximately $13.7 million in FY 2025, increasing to $14 million by FY 2027. Overall, the resolution serves to officially record the committee's revenue projections for the upcoming fiscal years.