State Comptroller Thomas DiNapoli released updated state revenue projections.

Lawmakers return to the state capital to formally approve the budget Thursday amid concerns over the novel coronavirus outbreak.

Gov. Chris Sununu is preparing contingency plans as virus threatens state revenues.

Other Midwest legislatures are canceling sessions or weighing early spring breaks to slow the spread of COVID-19.

With a state budget deadline on the horizon, NY Gov. Andrew Cuomo is requesting revised revenue estimates that factor in the economic realities of fast-spreading virus.

As business and leisure travelers stay at home rather than risk infection, events small and large are cancelled, and business slows so sharply it shows that the longest U.S. economic expansion since the 1850s may finally hit the wall.

The stock market plunge amid the COVID-19 pandemic increases the risk of a revenue shock for California and other states that depend on capital gains taxes.

Gov. John Bel Edwards kicked off Louisiana's legislative session by asking lawmakers to share accurate details about the coronavirus with constituents.

In budget talks, House Speaker José Oliva says lawmakers will discuss how to prepare for a recession that may result from the economic impacts of COVID-19.

Less than six years after the last oil price collapse, producing states of the Southwest are facing another sharp drop and the prospect of recession.

S&P sees positives in Gov. J.B. Pritzker's proposed fiscal 2021 budget but they don't move the rating dial given a daunting bill backlog and pension strains.

State officials say fiscal 2020 revenues are on target and lay out fiscal 2021 prospects.

Despite economic headwinds, Texas' sale tax collections continued to grow at a record pace in February.

Janet Mills’ administration wants to add protection against potential federal Medicaid using newly projected state revenues.

The rating agency will await the legislature's passage of a final budget before casting a credit judgment.

The state's projected budget surplus was raised to $1.5 billion, but officials are cautious over risks of economic slowdown and the impact of COVID-19.

Wisconsin Gov. Evers said he remains open to an income tax cut but only if it's accompanied with more education funding and property tax relief

New York State Comptroller Tom DiNapoli credits a data-driven platform with salvaging billions in revenue.

The Democrat unveiled a $40.9 billion FY 2021 spending plan that again pushes for higher taxes on incomes above $1 million.

More private money would be invested in infrastructure if Congress expands the use of PABs and P3s.