Politics

Maine State Treasurer Henry Beck discusses how the New England state is confronting steep revenue losses driven by the COVID-19 pandemic and budget-saving measures that may be enacted. Andrew Coen hosts.

At least nine states have enacted across-the-board budget cuts in response to the sudden revenue shortfalls caused by the economic shutdown resulting from stay-at-home orders.

Student housing projects financed through public-private partnerships face a far more lethal blow if the coronavirus pandemic prevents college campuses from opening this fall.

The governor largely agreed to abandon the steep cuts he proposed in his revised budget,.

The program enables public colleges to enter into P3s but experts said the program is likely on hold because of COVID-19 uncertainties.

The supplemental spending bill is unorthodox in normal times yet an increasingly common tactic among states during the coronavirus pandemic.

California legislators met the letter of the law in passing the budget by Monday's deadline, but the state is a long way from a final spending plan.

The $779 million refunding will capture present value savings while pushing off some debt repayments for budget relief that Fitch called "reasonable."

With about two weeks before the fiscal 2021 starts, the Florida Legislature still hasn't submitted a budget to Gov. Ron DeSantis.

Gov. Charlie Baker’s plan, with some tweaks, could secure much-needed funds money more quickly during the coronavirus pandemic, Pioneer Institute said.

The Volunteer State reported a nearly 16% decline in revenues in April, much of which was due to stay-at-home orders and delayed tax filings.

Measure seeking billions of general obligation bonds without voter approval cleared General Assembly late last week but faces uncertain fate in the State Senate.

Lawmakers have until June 15 to adopt a budget. Democratic leaders in the legislature have not embraced Gov. Gavin Newsom's proposed cuts.

States that are projecting fiscal 2021 revenue declines of more than 15% include California, Colorado, New Jersey, New Mexico, Oklahoma, and Vermont.

The state's ratings, just one rung above junk, are holding steady after analysts' initial review of a fiscal 2021 budget that pins hopes on future federal relief.

Comptroller Kevin Lembo forecast a $620 million fiscal 2020 deficit in his monthly update to Gov. Ned Lamont.

Moody's action on Aa1-rated Nevada follows a Fitch Ratings outlook cut to negative three weeks ago as the coronavirus hammers a tourism based state economy.

The monthly drop collectively topped $60 billion.

Sales tax collections fell 13.2% compared to the same month last year, the steepest decline since January 2010

Treasurer John Schroder, a Republican, has battled with Louisiana's Democratic governor over the funds for the past two years. He has said he will appeal.