State budgets

Ohio legislature settled on a leaner gas tax increase to help fund fixes for its roads and bridges.

The state collected $2.6 billion, a 9% increase over the same month of 2018, said State Comptroller Glenn Hegar.

Weakening support for Oklahoma State University led Fitch Ratings to lower its rating one notch to AA-minus as OSU prepares to issue $77 million of revenue bonds.

New Jersey lawmakers should protect a planned $1.2 billion budget surplus while crafting the 2020 budget, according to Elizabeth Maher Muoio.

Analysts say the state's rainy day fund would evaporate quickly if economic conditions take a turn for the worse.

State Treasurer Joe Torsella says bolstering private-sector retirement savings now will reduce pressure on social services spending later.

Capital Finance Director David Erdman emphasizes that the Wisconsin's bills and debt service will be paid even if the state budget is late.

Any shortfall will make it harder to meet revenue targets in Gov. Phil Murphy's fiscal 2020 budget proposal.

Villanova School of Business Professor David Fiorenza chats about renewed interest in the concept and where it works best. Paul Burton hosts from Philadelphia.

Jason Dudich will join the University of Indianapolis at the end of May as vice president, chief financial officer and treasurer.