Education Future Fund included in governor's budget

This week saw the Legislature debate the mainline state budget. The latest projections from the Economic Forecasting Board lowered revenue projections for the current fiscal year by $80 million to $6.36 billion. The adjustment was based on anticipated decrease of $200 million in individual income, sales and use tax receipts, offset in part by projected increases of $120 million in corporate and miscellaneous tax receipts. Total projected revenue receipts for Fiscal Year 2023-24, however, were raised by $25 million and the FY 2024-25 projections were raised by $55 million.

The budget would set...