1.      1:00 p.m.      Call to Order/Approval of Minutes

2.      1:05 p.m.      Federal/Non-federal Grants

3.      1:15 p.m.      Economic and Fiscal Health Update

a.      Budget Stress Test (36-12-13)

b.      FY 2026 and FY 2027 Appropriations Limits (63J-3-2)

c.       Obligations and Reserves (36-12-13 and JR3-2-402)

d.      Lapsing and Nonlapsing Appropriations Balances

e.      Restricted Account Balances

4.      1:45 p.m.      Utah State University Strategic Reinvestment

5.      1:55 p.m.      Higher Education Construction Inflation and O&M Costs (JR3-2-402)

6.      2:00 p.m.      Public Education Funding Framework (53F-2-208 and 53F-9-204)

7.      2:15 p.m.      FY 2026 and FY 2027 Revenue Estimates and Comparison to Long-Term Trends
                       (JR3-2-402 and 63J-1-312)

8.      2:20 p.m.      Subcommittee Allocations, Adjustments, and Funding Set-Asides (JR3-2-402)

9.      2:35 p.m.      Compensation and ISF Funding Mix Exceptions

10. 2:40 p.m.      Adopt Base Budgets and Direct Preparation of Base Budget Bills (JR3-2-402)

11. 2:45 p.m.      Other Business/Adjourn