State budgets

Illinois' Baa3 rating remains one notch above junk, but the outlook is now stable, up from negative.

The $41.9 billion spending plan for the only state without a signed budget is on Gov. Charlie Baker's desk.

A Civil War-era revenue measure is the centerpiece of the arguments in the lawsuit filed by four northeastern states.

California reported an $8.5 billion surplus in the budget passed last month.

New Jersey's legal sports books reported $3.5 million in June revenue from $16 million in bets, according to a state report.

Illinois netted $5.7 billion more in income tax revenue last year after raising rates.

New Jersey Gov. Phil Murphy’s administration is targeting a plan that would save more than $100 million in annual public-worker benefits as the next focus of trying to steer state finances toward better health.

Moody's Investors Service affirmed the state’s ratings and revised its outlook to stable from negative.

A conference committee of Senate and House negotiators still must resolve differences over a $41 billion spending plan.

The tax would fund the voter-approved Medicaid expansion that was supposed to take effect July 2.