The $10,000 state and local tax deduction cap is an important issue for high tax states like New York and California and investors who trade paper from those states.

The budget "starts and ends with the housing and homelessness crisis because housing is fundamental to everything else in a person's life," said Gov. Tina Kotek.

The political uncertainty could eat into the number of "clean weeks" for issuance, said Citi's Vikram Rai.

"Our budget proposal not only builds on the successes of the past four years, but ensures that Florida will continue to thrive," said Gov. Ron DeSantis.

Energy production taxes slowed or fell last month, with the oil tax generating $486 million, which was 14% higher than in January 2022, and natural gas tax revenue falling 13% at $322 million.

Federal Reserve officials quietly tightened internal restrictions on employees' political activities after several reserve banks ran afoul of Congress over real or perceived engagement on issues within the domain of elected officials.

"We're going to see job growth, population growth, gross domestic product growth and we're very excited," says Mark Wilson, president of the Florida Chamber of Commerce.

Neither Toni Atkins, the Democratic Senate president pro tem, nor Brian Jones, leader of the Republican minority, want to tap the state's reserve funds.

Tim Walz's proposed budget offers a mix of additional spending, tax cuts, new bonds, and an early payoff of bonds issued for the NFL Vikings' stadium.

Maine voters are likely to face measures for a public power takeover of investor-owned utilities, and a debt measure designed to complicate that plan.