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January 2025
Biennial Revenue Estimate
Economic Stabilization Fund Long-Term Forecast
The Rainy Day Fund likely will continue hitting the cap in future biennia. This chart shows its projected balance with the cap, and what the balance would be if the cap were removed. Under current law, after the ESF balance hits its cap, the fund’s share of severance taxes and interest income on the ESF cash balance remain in the General Revenue Fund. Under the second scenario, the ESF would continue to receive severance taxes and interest on its balance.
ESF Ending Balance With and Without Cap in Place
ESF With Cap
ESF Without Cap
— ESF Cap
View ESF forecast data.
| Fiscal Year | ESF Balance with cap in place | ESF Balance without cap in place | ESF cap |
|---|---|---|---|
| 2022 | $10.69 | $10.69 | $20.26 |
| 2023 | $14.17 | $14.17 | $20.26 |
| 2024 | $21.02 | $21.02 | $26.43 |
| 2025* | $24.28 | $24.28 | $26.43 |
| 2026* | $27.43 | $27.89 | $26.51 |
| 2027* | $28.50 | $31.87 | $26.51 |
| 2028* | $29.62 | $36.36 | $27.60 |
| 2029* | $30.79 | $41.31 | $27.60 |
| 2030* | $32.01 | $46.73 | $28.98 |
| 2031* | $33.29 | $52.62 | $28.98 |
| 2032* | $34.63 | $58.95 | $30.43 |
| 2033* | $36.03 | $65.71 | $30.43 |
| 2034* | $37.50 | $72.91 | $31.95 |
| 2035* | $39.03 | $80.55 | $31.95 |
* Amounts are estimated in the 2026-27 Biennial Revenue Estimate.