Budgets

Gov. Dannel Malloy presented a new Connecticut budget as two rating agencies downgraded the state.

Colorado Gov. John Hickenlooper may call lawmakers back to reconsider a transportation bill.

Arizona's new budget could allow $1 billion in new bonding for higher education.

Connecticut received a push out of double-A territory, as Fitch Ratings dropped it to A-plus.

Connecticut and capital Hartford face serious financial crises.

California Gov. Jerry Brown proposed using money from an investment fund to pre-pay CalPERS.

The Illinois Senate President warned that disaster looms if historic gridlock doesn't end soon.

The federal government ran a $182.4 billion surplus in April, the Treasury Department reported Wednesday.

Florida Gov. Rick Scott may veto the Legislature's $82.4 billion budget.

Illinois gets tongue lashing from research group over impasse as senate efforts at compromise build.

Oklahoma lawmakers remain divided about how to fill a $900 million shortfall.

Albany N.Y. was revised to stable from negative by S&P Global Ratings.

The Long Island Power Authority says renewables will save it $5 billion on no-longer needed capital investments.

Gov. Jim Justice called West Virginia lawmakers into special session to “fix the budget crisis.”

Cook County is losing Ivan Samstein to the University of Chicago.

Caution was the operative word as New York City’s budget director and City Council members discussed the mayor’s proposed budget.

Puerto Rico's government and oversight board will both have roles, said board member David Skeel.

Florida lawmakers missed a deadline to strike a deal on the budget this week, sending the annual session into overtime.

Louisiana’s GOP-led Legislature wants severe cuts to balance the state budget instead of state tax reform.

Continued financial stability was cited as Moody's upgraded Central Falls, R.I. to Ba1.