Compared to the FY 2025 enacted budget, Gov. Lee’s budget reflects January’s special session spending and proposes new spending for FYs 2025-2026—funded mainly by previously unallocated recurring revenues, a large FY 2024 surplus, and new FY 2026 revenue growth.| The Sycamore Institute
As introduced, Gov. Lee’s proposed special session legislation would require at least $917.6 million, not including any amounts related to immigration enforcement actions. Policymakers likely have at least $1.7 billion in non-recurring and as much as $1.2 billion in recurring General Fund resources available in FYs 2025 and 2026, respectively.| The Sycamore Institute
Housing is a key driver of individual and family well-being and an important component of thriving communities.| The Sycamore Institute
