The state's BBB Fitch rating is at risk of a downgrade if lawmakers adopt Gov. J.B. Pritzker's proposed fiscal 2020 budget.

Gov. J.B. Pritzker’s “bridge” budget would reduce the state's immediate pension contributions, and assumes voters will approve income tax changes in 2020.

The tax cap, and a voter ID measure, are unconstitutional because the state legislature is illegally racially gerrymandered, a Wake County judge ruled.

As Albany enters the budget homestretch, debate over congestion pricing and other measures to bolster mass transit in the New York City region is intensifying.

Tim Walz wants to raise the gasoline tax to support new spending and borrowing for transportation.

The Ohio department of transportation said it faces a funding gap of about $1 billion annually over the next 11 years.

J.B. Pritzker unveiled a $38.9 billion budget that relies on new taxes and borrowing.

A key committee approved a plan to use $150 million in surplus funds to pay off teacher pension obligations, with the theory that school districts may apply the savings to teacher salaries.

Gov. Ned Lamont’s budget speech will include a far-reaching proposal by state Treasurer Shawn Wooden to shore up the wobbly Teachers’ Retirement Fund.

Gov. Phil Murphy’s administration says the revenue shortfall is driven largely by federal tax law changes the GOP passed in 2017.

Graduate and married student housing is new frontier for public-private partnerships, underscored by a recent deal at the University of Notre Dame.

Illinois would also use asset transfers, supplemental contributions and a buyout program in the governor's plan to deal with $133.7 billion of unfunded liabilities.

California has issued $3.3 billion of general obligation bonds for the high-speed rail project out of $9.9 billion authorized by voters.

The federation issued its suggested budget roadmap Wednesday, ahead of Gov. J.B. Pritzker's first budget release.

Gov. Gretchen Whitmer had a lot to say about what she wants to do but no details on how to pay for it.

A $12.5 billion rainy day fund protects Texas from the next recession, said Comptroller Glenn Hegar, who wants to invest the fund into productive assets.

Ned Lamont says his initiative could cut Connecticut’s borrowing by 39%, or hundreds of millions of dollars annually.

Ron DeSantis in Florida focuses his bond priorities on Transportation while Georgia's Brian Kemp wants to fund statewide capital needs.

New Gov. Janet Mills’ first budget proposal would hike spending by $700 million without raising taxes or fees.

The proposal is seen as a long shot in a session focused on school finance and property tax reform.