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.

Detroit Public Schools Community District has substantial capital needs but its ability to fund them is constrained.

The Pritzker administration says it can now afford to make the full originally scheduled pension contribution without re-amortizing the funding timetable.

The New Jersey governor is using an unexpected tax collection surge to boost his push to hike income tax rates for the highest earners.

A graduated income tax could lay the groundwork for Illinois to rebuild its credit quality — but only if done right, according to the rating agency.

A mechanism for taxing internet sales on out-of-state sellers could mean an additional $850 million of revenue for Texas, according to legislative analysis.

If approved by the governor, the budget will mark the ninth consecutive year of record spending by the Sunshine state.

The $31 billion spending plan takes a cautious approach to spending after failed efforts to bond for transportation.

The state Senate approved the proposed constitutional amendment on a party-line vote.

As the session enters the homestretch, lawmakers are divided over how to impose tolls on the state's highways and whether to do so.

The one-time cash infusion would go toward the unfunded liability of the Teachers' Retirement Fund ‘96 — the defined benefit plan for teachers hired after June 30, 1995.