State budgets

Washington Gov. Bob Ferguson, who has lobbied for a wealth tax, told lawmakers their draft proposal needs work.

The White House releases a report that leans into ending state income tax while tax experts question the math used to make the case.

Alaska Gov. Mike Dunleavy proposed a statewide sales tax as part of his plan to deal with a budget deficit brought on by declining oil revenues.

This would be the state's first bond issuance since 2023.

Maryland Governor Wes Moore unveiled his $70.8 billion budget proposal that is designed to close a $1.5 billion gap via cuts, fund transfers and swaps of bonds for cash.

New York Gov. Kathy Hochul wants to keep funding level as the state loses financial support from the federal government and Trump administration.

The state's Democratic governor and Republican-controlled legislature are at odds over how much to conform with federal tax changes enacted last year.

State revenues were down 0.7% in the first six months of the fiscal year compared to a year earlier.

Gov. Ferguson pushed a wealth tax and infrastructure spending in his State of the State speech, but Republicans cried foul on the spending.

Public pensions have notched some improvements as the uncertainty surrounding state budgets and the effects of tariffs raise concerns.

Moody's Ratings warned some states face credit risk after the Trump administration froze $10 billion of funding to five blue states.

Maryland is currently battling federal job losses and string of financial challenges but is starting the new year with a new triple-A rating on its general obligation bonds complete with a stable outlook.

The governor's $348.9 billion budget would boost education but targets housing investors.

Virginia Governor-elect Abigail Spanberger begins assembling her finance team by keeping the state's treasurer in place and naming Delegate Mark D. Sickles to serve as Virginia's next Secretary of Finance.

Gov. Dan McKee, previously cold to a surtax on high incomes, is warming to the idea as he grapples with the Trump administration's spending cuts.

The National Association of State Treasurers officially announced new leadership for 2026, including new president Michigan State Treasurer Rachael Eubanks.

Fiscal 2027 budget proposals are being rolled out against a backdrop of unclear impacts from federal tax cuts and policy changes.

Washington Gov. Bob Ferguson unveiled a supplemental budget with GOP-opposed bond plans, as he preps a rain-soaked and flood-damaged state for more deluges.

The governor announced $2.1 billion for road and bridge maintenance and flood repairs, financed with bonds backed by revenue measures in last year's budget.

States and cities in the Northeast will have to balance economic challenges and federal cuts driven by the Trump administration and congressional GOP.