Politics

Illinois won't wait for the Treasury Department to consider its request to add COVID-19-related debt repayment as an eligible use of ARP funds.

The state's surplus is overstated and agencies can't handle the mountain of cash proposed in the May budget revision, state analysts say.

Colorado lawmakers are working on a $5 billion funding proposal for transportation; this week's $500 million debt issue targets immediate needs.

Gavin Newsom wants to expand Medi-Cal to undocumented seniors, provide broadband to all and create a new grade for four-year-olds.

In California, where state revenues are pouring in well ahead of projections even before American Rescue Plan funds arrive, lawmakers have spending plans.

Revenue from the new law would replenish the state's unemployment fund and then cut taxes on commercial real estate rents.

California Gov. Gavin Newsom asked the legislature to triple the amount of direct stimulus checks to state residents in a $100 billion recovery plan.

Gov. J.B. Pritzker is now willing to fully fund a scheduled education funding hike but other contentious issues remain, notably corporate tax breaks.

Lawmakers, buoyed by rising revenue estimates, overrode Gov. Laura Kelly's veto of tax cut legislation.

The numbers are driven by record oil and gas production tax collections and increases in sales and income tax payments, State Treasurer Randy McDaniel said.

The ratings agency said it action reflects the state’s solid economic recovery from the COVID-19 pandemic.

With help from a flood of federal funding, Colorado lawmakers were able to restore funds lost in the pandemic.

Regina Egea, president of the Garden State Initiative, analyzes New Jersey's fiscal landscape, including the proposed state budget, unfunded pension liability and deficit borrowing. Paul Burton hosts. (20 minutes)

A year after the pandemic struck the nation's economy, Texas sales tax collections hit an all-time record for April.

Income tax payments and improving revenue collections have helped bring the state's bill backlog down to $3.5 billion.

The pact may generate up to $2.5 billion in revenue for the state in the next five years and $6 billion through 2030.

Indiana's newly adopted budget, with rosier revenue projections and a looming infusion of federal relief funds, will also boost infrastructure spending.

New Mexico joins neighboring states Arizona and Colorado in legalizing marijuana sales with an eye toward higher state revenue.

Municipal bonds have a direct effect on the social and cultural character of cities, metropolitan areas, counties, and states. Munis and the initiatives they support such as public education, housing subsidies, public transit systems, and more, can often be linked to local or regional politics. Join Lynne Funk, Executive Editor at The Bond Buyer and Destin Jenkins, Neubauer Family Assistant Professor of History at the University of Chicago as they explore how municipal bond mismanagement can have contrasting influences on the different ethnic groups in our cities.

A year after its S&P outlook turned negative, Oklahoma is back to a stable position on strong financial management during COVID.