Most of the state revenue loss came from $599 million in lower-than-estimated state sales tax collections, which support 79% of Florida’s budget.

Colorado will continue its highway building with $500 million of certificates of participation, as it weathers its deepest downturn in years.

The $40 billion budget for fiscal 2021 authorizes up to $5 billion of borrowing through the Federal Reserve’s Municipal Liquidity Facility.

With postponing expenditures and the rainy-day fund withdrawal, the state still forecasts a yearend surplus.

Red tape and the need for more funding has slowed the process, according to the NLC.

Groups want action before municipalities have to approve their budgets.

With the status of federal relief uncertain, Illinois may ask lawmakers for approval to borrow as much as $4.5B through the Fed's MLF to deal with a coronavirus pandemic tax hit in fiscal 2021.

As Gov. Charlie Baker reopens the state, a taxpayer group paints a dire revenue picture.

New Mexico is expected to face sizable structural deficits because of declining oil and gas prices and production, the rating agency said.

State lawmakers passed a continuing resolution, and expect to return to Columbia in September to complete work on a budget for fiscal 2021, which begins July 1.

The plans include personal income tax notes and a line of credit with a consortium of banks.

The state is facing an immediate $3.2 billion budget hole for the current fiscal year, with revenue estimates cut more than $5 billion for the next two.

The Bluegrass State will issue debt for operations and capital needs at the University of Louisville Health Medical Center.

California may need to use interfund borrowing to get its budget into balance, Gavin Newsom said.

With retail sales' record decline, budget pain will continue.

The state-run authority’s oversight board unanimously approved a $935 million contract for a public-private partnership with Cubic Transportation Systems.

California lawmakers have tough decisions ahead as they work to balance the budget, Gavin Newsom said in introducing the "May Revise" budget.

Oklahoma lawmakers stood their ground after Gov. Kevin Stitt vetoed the budget and diversions from pension funds and transportation.

Signs of an economic downturn appeared in April revenue collections, said Tennessee's Finance and Administration Commissioner Butch Eley.

The Garden State may be facing a more than $10 billion shortfall through the end of next fiscal year, according to Treasurer Elizabeth Maher Muoio.