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FY 2024-25 Biennium Close Adds $941 Million to Current Biennium

10/15/2025 3:49:01 PM

The FY 2024-25 biennium ended with a general fund balance $941 million higher than estimated at the end of the 2025 special legislative session in June. Final revenue, including taxes, other revenue, and accounting adjustments from prior fiscal years, for the biennium closed $1.313 billion (2.1 percent) higher than estimates. General fund spending for the closed biennium, after reporting adjustments, was $364 million (0.5 percent) higher than prior estimates.

Access the full FY 2025-25 Biennium Budget Close Report

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