State budgets

The federation endorsed the plan only after Gov. J.B. Pritzker dropped plans for a partial pension funding holiday.

For the fiscal year, the state's total revenue collections are ahead 6.2% over the same period last year.

It is budget-balancing time across the land and, as is typical, New Jersey has unique challenges.

Soaring April tax collections have positioned New Jersey for its first rainy day fund deposit since 2008.

Illinois bonds are gaining ground in the secondary, supported by scant supply and recent fiscal developments viewed positively by investors and analysts.

New Jersey Senate President Steve Sweeney says the state needs to overhaul pension and health benefits to rebuild its ratings.

California's April revenues came in $4 billion higher than anticipated.

Although first-term Democratic Gov. Laura Kelly failed to win expansion of Medicaid coverag, she praised GOP lawmakers for beginning to clean up "a mess."

Reports of overtime abuse, a call for a prosecutor and strained labor relations, intermingled with a fiscal crisis, produced an explosive board meeting.

Lawmakers have to wait another week for the governor's five-year infrastructure plan.