Staff Contact: Brian Kinkade
Gov. Parson and House and Senate budget leaders announced an agreement on state general revenue collections that will be available for the SFY 2025 budget, which is expected to be $13.16 billion, or growth of only 0.2% over the revised estimate for SFY 2024. The budget writers revised the revenue estimate for SFY 2024 to $13.14 billion. Previously, 2024 revenues were expected to grow by 0.7%; however, the revised projection for 2024 revenues fall by 0.7%. The flat projections reflect the end of a period of record state revenue growth that was driven by pandemic-era federal stimulus and the implementation of tax reductions passed by the General Assembly. Parson will release his budget recommendations in January.