On Monday North Carolina gained a budget but as of Tuesday afternoon Massachusetts and South Carolina remained without valid fiscal year 2013 budgets.

None of the states have had to shut down operations for lack of funding.

North Carolina has a two-year budget that started in July 2011. This past week North Carolina government worked on a supplement for fiscal year 2013, which in North Carolina started on Monday.

Both legislative houses passed a budget supplement for fiscal year 2013.

However, Democrat Gov. Beverly Perdue vetoed the fiscal 2013 budget supplement on Friday afternoon.

On Monday both houses of the North Carolina legislature successfully voted to override Perdue's veto. So now North Carolina has a $20.2 billion fiscal 2013 budget.

In Massachusetts both legislative houses approved an operating budget on Thursday. However, the budget needs the approval of Gov. Deval Patrick to become valid.

A five-year capital budget is already in place. The state is now operating on an interim budget valid until July 31.

Patrick has until this Sunday to make line item vetoes to revenues and expenditures. If he makes vetoes, the state house and senate can override the vetoes with two-thirds votes.

The South Carolina House and Senate passed a budget on Thursday.

Gov. Nikki Haley has five days, excluding Sunday and July 4, to issue vetoes. State government has passed a continuing resolution to keep the government running in the new fiscal year.

Last year at this time there were several state government shutdowns, said Brian Sigritz, director of state fiscal studies at the National Association of Budget Officers. There are no shutdowns this year, he noted.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.