A $3.7 billion transfer from the general fund would cover $2.5 billion for retiring and defeasing state debt, and $1.2 billion to backstop capital construction projects.

The U.S. Department of Transportation secretary and elected leaders from New York and New Jersey pitched the $11.6 billion project, citing economic and safety concerns.

With just a few days before the new fiscal year, Arizona lawmakers passed a $12.8 billion budget that largely neutralizes a tax measure voters passed in 2020.

According to State Comptroller Thomas DiNapoli, the brighter outlook could prompt increased rain-day deposits.

One big area of spending growth has been Medicaid health services for the poor, which is on track to jump by 12.5% in the current fiscal year.

Under Hawaii's system, the governor, David Ige, signals his intent to veto and then negotiates with lawmakers before making them formal.

Governor expected to call for more crackdowns on voting, teaching of race theory in public schools.

John Hallacy, founder of John Hallacy Consulting LLC, talks with Chip Barnett about the pandemic’s lingering credit impacts on state finances in a wide-ranging discussion of the many issues affecting the municipal market today. (17 minutes)

The agreement over middle-class tax relief could set the stage for passage of the fiscal 2022 budget.

Texas entered a new state of uncertainty when Gov. Greg Abbott cut off funds for the legislature while launching an online fundraising scheme for a controversial border wall.

Illinois Gov. J.B. Pritzker signed the fiscal 2022 budget with good fiscal and market news in tow and announced his deputy for budget matters, Dan Hynes, is departing.

The state stands to become the 19th to legalize non-medical use of cannabis and along with it up to $97 million of new tax revenues by fiscal 2026.

Republicans warn about inflation while Democrats celebrate social program expansions.

Picking up Donald Trump's top campaign issue, Texas Gov. Greg Abbott promised to build a wall on the Rio Grande.

Lawmakers could not enact the bill on the final day of the regular session, when House Republicans threatened a filibuster.

An outage that a LUMA Energy spokesperson said could have been triggered by sabotage left 900,000 customers without power on Thursday.

As lawmakers debate a new two-year budget, the state increased general fund revenue projections by $4.4 billion.

The businessman and former Assembly member looks to prevent the first re-election of a Democratic governor in more than 40 years.

Colorado lawmakers are creating government enterprises and using fees instead of taxes to fund transportation.

Raymond James is senior manager for the sale, which will feature $82 million of Series B tax-exempt and $17 million of Series A federally taxable bonds.