The taxpayer refunds captured the most attention, but the final budget also includes a multi-year $47 billion infrastructure package.

The U.S. Conference of Mayors launched the P3 task force as cities prepare for an influx of federal infrastructure aid.

The finances of the controversial project remain unclear, but the favorable Texas Supreme Court ruling means the project has a chance of advancing.

Most large states are using pandemic aid for revenue replacement and this will be an issue in the future, an academic says.

The state made "unprecedented additions" to its reserves, protecting its triple-A bond rating, said state Sen. Janet Howell, Finance and Appropriations Committee Chair.

Democratic senators led by Bob Menendez urged the Federal Reserve to take a more active role in the selection process of the heads of its regional banks so that more diverse candidates would be considered.

The finance team is already lined up for the first of multiple issuances of bonds to help launch the first phase of the $9.5 billion New Terminal One project.

The move to take back local control came a few months after new leadership took the helm at the airport.

More budget haggling is anticipated before Gov. Gavin Newsom signs the budget. The state's fiscal year begins on July 1.

State Comptroller Susana Mendoza will renew a push for legislation to set automatic triggers for a $200 million annual deposit into the rainy day fund.