Politics and policy
Politics and policy
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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.
May 27 -
Colorado will continue its highway building with $500 million of certificates of participation, as it weathers its deepest downturn in years.
May 26 -
The $40 billion budget for fiscal 2021 authorizes up to $5 billion of borrowing through the Federal Reserve’s Municipal Liquidity Facility.
May 26 -
With postponing expenditures and the rainy-day fund withdrawal, the state still forecasts a yearend surplus.
May 26 -
Red tape and the need for more funding has slowed the process, according to the NLC.
May 22 -
Groups want action before municipalities have to approve their budgets.
May 21 -
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.
May 20 -
As Gov. Charlie Baker reopens the state, a taxpayer group paints a dire revenue picture.
May 20 -
New Mexico is expected to face sizable structural deficits because of declining oil and gas prices and production, the rating agency said.
May 19 -
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.
May 19 -
The plans include personal income tax notes and a line of credit with a consortium of banks.
May 18 -
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.
May 18 -
The Bluegrass State will issue debt for operations and capital needs at the University of Louisville Health Medical Center.
May 15 -
California may need to use interfund borrowing to get its budget into balance, Gavin Newsom said.
May 15 -
With retail sales' record decline, budget pain will continue.
May 15 -
The state-run authority’s oversight board unanimously approved a $935 million contract for a public-private partnership with Cubic Transportation Systems.
May 15 -
California lawmakers have tough decisions ahead as they work to balance the budget, Gavin Newsom said in introducing the "May Revise" budget.
May 14 -
Oklahoma lawmakers stood their ground after Gov. Kevin Stitt vetoed the budget and diversions from pension funds and transportation.
May 14 -
Signs of an economic downturn appeared in April revenue collections, said Tennessee's Finance and Administration Commissioner Butch Eley.
May 14 -
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.
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