Figure 1: Estimates of the FY 2026 Ending Balance Projected General Fund balance on June 30, 2026 by date of estimate
Starting point $4.606B

Balance on July 1, 2025. The budget spends more than the state collects, so every estimate expected the year to end lower.

Estimate 1July 2025
Budget enacted*$1.925B
+$1.08B Tax forecast
raised
Estimate 2January 2026
LFB reestimate$3.004B
–$55M New laws
add costs
Estimate 3May 2026
LFB final estimate$2.949B
Year closes
June 30
ActualOctober 2026
DOA fiscal report$3.307B
How the $3.307B actual compares
+$349M

vs. DOA’s budgeted balance of $2.958B in the Annual Fiscal Report (AFR)

+$358M

vs. LFB’s final estimate of $2.949B (May 2026)

+$1.38B

vs. the budget as enacted ($1.925B)

*2025 Act 15 estimate, updated by DOA for the actual FY 2025 close. The AFR budgeted balance reflects changes made after enactment. Gross General Fund balances, budgetary basis. Sources: DOA; LFB.