In January, the non-partisan Legislative Fiscal Bureau (LFB) announced a projection that the state government will have a $2.5 billion surplus at the end of the current Fiscal Year 2025-2027 budget timeframe. This projected amount is $1.5 billion more than previously projected. Most of that increase is due to nearly $1.4 billion in increased state tax collections. LFB’s analysis for this higher-than-expected surplus is due to growth in the 2025 gross domestic product due to a lower rate of inflation. LFB also indicated that a lower-than-expected tariff rate also played a role.