Thirty-five states reported general fund collections for fiscal 2020 from came in lower than original budget projections.

The budget included reduced capital improvement and GO issuance plans over the biennium.

Florida's triple-A ratings face an ongoing vulnerability because of the fiscal and economic impacts of COVID-19, its annual debt report warns.

Fitch Ratings upgraded bonds supporting the Maryland light-rail transit project after the sides reached an agreement that protects bondholders.

Gov. Gina Raimondo signed the $12.8 billion FY21 budget bill, which includes seven ballot questions on $400 million worth of projects.

"If you bankrupt the states, you bankrupt the country,” said NGA Chairman Andrew Cuomo, the governor of New York.

New Mexico aims to join its neighbors in legalizing recreational marijuana as it seeks to reduce dependence on oil and gas taxes.

Several factors have combined to position an innovative approach — the public-private partnership, or P3 model — as a crucial emerging tool for public entities nationwide.

The state will use a public-private partnership to replace the 68-year-old Interstate 10 bridge over the Calcasieu River between Westlake and Lake Charles.

The toll road operator parters with three international investors to sell half of its U.S. express lane assets in Northern Virginia while eyeing additional highway projects around nation's capital, including a Maryland P3.

Joe Torsella still advised that such a move to backstop the commonwealth's two largest public retirement funds is no panacea.

The LBJ Infrastructure Group, operator of managed lanes on a Dallas highway, will sell $1.2 billion of bonds through a conduit issuer.

The Empire State's general obligation bonds revised to negative from stable by rating agency due to heightened budget risks.

Hawaii's governor announced that state employees would be furloughed two days a month; the state sold $750 million of GO bonds in October to fund operations.

The Department of Justice filed a federal complaint alleging conditions at Alabama prisons violate the constitution, as the state continues to negotiate public-private partnerships to build three lockups.

The state will use debt service savings from the refunding side of the deal for near-term budget relief; the deal includes its first taxable refunding bonds.

Task forces studying three proposed toll road projects failed to conclude if there is a need for the new corridors or modifications of existing roads.

MDOT will pay $250 million in the settlement, but answers to financial questions, including whether more bonding will be needed, have not been revealed.

For the seventh time in 2020, monthly sales tax revenues in November were below the same month in 2019.

Forecasters now expect a $641 million surplus this year and a much smaller than previously projected $1.3 billion gap in the next two-year budget cycle.