Votes at a glance: REC adopts FY2026–27 estimates and approves transfers
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Summary
The Revenue Estimating Conference completed dress-of-business votes Dec. 11, adopting Department of Management revenue estimates for FY2026 and FY2027 and approving gambling revenue transfers and reserve interest.
The Revenue Estimating Conference held Dec. 11, 2025, completed a series of procedural votes. Key outcomes recorded in the meeting transcript:
• Agenda approval: Motion to approve the meeting agenda; motion seconded and adopted by voice vote.
• Minutes: Approved minutes from the October 2025 RAC meeting by voice vote.
• FY2026 estimates: Adopted Department of Management FY2026 general fund estimates (including accruals, refunds, school infrastructure transfer, lottery and other transfers); motion passed by voice vote.
• FY2027 estimates: Adopted Department of Management FY2027 general fund estimates (including accruals, refunds, school infrastructure transfer, lottery and other transfers); motion passed by voice vote.
• Gambling revenue transfers: Approved transfers of gambling revenues for FY2026 and FY2027 and interest earned on reserve funds; motion passed by voice vote.
The conference adjourned after completing the agenda.