State budgets

22 municipalities are suing the state over vehicle-license fees they say California has failed to pay them.

Nearly a trillion dollars worth of state and local government assets are now being held in Local Government Investment Pools.

Cities and states are showing budget resilience as pressure from inflation, slowing revenue growth, and the end of federal pandemic fuels concerns about an uncertain future.

States face slowing revenue growth and increasing spending pressures, the National Association of State Budget Officers said in its Fiscal Survey of States.

The situation is worsening, driven by rising costs and AI revenue risks, the forecast warns.

Connecticut transferred about $1.5 billion in excess budget reserves to its state employees' and teachers' pensions, said State Treasurer Erick Russell.

The rating agency lowered the outlook to stable on its A-plus rating, saying Pennsylvania didn't do itself many favors in its fiscal 2026 budget season. 

The long-awaited budget closely resembles the governor's original proposal, pared down by just over $1 billion.

Maryland's financial challenges are resurfacing via a report from the Department of Legislative Services projecting a $1.4 billion budget deficit in fiscal year 2027.

The end of the government shutdown includes clearing three of twelve appropriations hurdles while questions linger about the future of the highway reauthorization bill.

As the Senate moves towards a possible deal to end the longest federal government shutdown in history, the "Big 7" of state and local lobbying groups along with the GFOA are making an urgent appeal.

New York will license up to three casinos in New York City. What returns can the state and expect on new entrants to an increasingly crowded gambling market?

Pennsylvania's budget impasse has surpassed four months. Local governments and schools that rely on state funds are getting frustrated.

States have spent weeks preparing for how they would cover the $8 billion shortfall in food stamps for the month of November.

The Trump administration has denied an appeal for $33.7 million in FEMA relief funds for flood damage incurred in western Maryland, which ends the possibility of aid for a state already reeling from job losses.

The government shutdown is wreaking more havoc as air traffic controllers will miss a paycheck this week and federal payments to states for housing bonds and Grant Anticipation Revenue Vehicle bonds may stop flowing.

California's recent tax revenues exceeded forecasts, but the state faces structural deficits that drive budgetary borrowing and have narrowed its reserves.

The upgrade is driven by realized and expected improvement in the state's financial metrics, the rating agency said.

North Carolina's triple-A ratings were affirmed ahead of plans to sell up to $506 million in general obligation and limited obligation bonds.

The city council of Harvey voted to declare the city financially distressed in a bid for state oversight, as the mayor warned of a city government shutdown.