Politics and policy
Politics and policy
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In his annual revenue speech, Virginia Gov. Ralph Northam highlighted the state’s record reserves, budget surplus and optimistic economic outlook.
August 19 -
States can borrow from the federal government when needed to provide unemployment benefits, but it can create an unwieldy overhang.
August 18 -
Automatic deposits would flow to the near empty rainy day and pension stabilization funds if the state government's unpaid bill backlog stays under $3 billion.
August 17 -
Kentucky Gov. Andy Beshear talks with Chip Barnett about economic progress the Commonwealth has made this year and how the state-local government partnership strengthened during the pandemic. He describes the heartbreaking human cost of the virus, the deadly toll it took on residents and why the Delta variant is a continuing cause of concern. (14 minutes)
August 17 -
Economic growth after the pandemic and maintaining structural balance and reserves will influence whether Fitch ultimately lifts the state to AAA from AA-plus.
August 5 -
Wisconsin's two-year budget was enacted despite the division between Democratic Gov. Tony Evers and Republicans who control the legislature.
August 5 -
“Kentucky’s economy is on fire,” says Gov. Andy Beshear, after the state passed the $2.2 billion mark of total planned private-sector investment this year. But COVID's Delta lurks.
August 4 -
Sales tax collections in July reflected a strong economy, surpassing that of the same month pre-pandemic.
August 3 -
The pandemic was strikingly different than Sept. 11, financial meltdowns and other disasters, according to Robert Mujica.
July 29 -
The U.S. Supreme Court ruled in McGirt v. Oklahoma that Eastern Oklahoma remains tribal land, and the repercussions continue to play out.
July 26 -
The first motor fuel tax increase in decades could eventually raise more than $450 million annually.
July 21 -
On a year-over-year basis, state tax revenues were up $321.1 million while the overall growth rate was 20.9%.
July 19 -
Children born into poverty whose births are covered by the state's Medicaid program are eligible, with funding through $600 million of GO bonds over 12 years.
July 16 -
Total revenue collections rose 14.5% from fiscal year 2020, ahead of an earlier forecast of 2.7% growth.
July 15 -
Kansas closed its fiscal year with tax collections running 9.3% over estimates and its highest reserves since 1980, officials said.
July 12 -
Hawaii lawmakers made changes to the budget this week in response to a flurry of vetoes from Gov. David Ige.
July 9 -
General fund receipts increased to record surplus as road fund receipts gained 10.1% in the Bluegrass State.
July 9 -
A strong resurgence from last year's pandemic-driven recession is reflected in record revenue for June and the fiscal year in Oklahoma.
July 8 -
Hawaii lawmakers approved the budget before Treasury guidance banned the use of federal funds for debt payments or reserves.
July 7 -
With the effects of the pandemic fading, Texas tax collections showed strength across all sectors, Comptroller Glenn Hegar said.
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