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The state's BBB Fitch rating is at risk of a downgrade if lawmakers adopt Gov. J.B. Pritzker's proposed fiscal 2020 budget.
February 27 -
Gov. J.B. Pritzker’s “bridge” budget would reduce the state's immediate pension contributions, and assumes voters will approve income tax changes in 2020.
February 25 -
The tax cap, and a voter ID measure, are unconstitutional because the state legislature is illegally racially gerrymandered, a Wake County judge ruled.
February 25 -
As Albany enters the budget homestretch, debate over congestion pricing and other measures to bolster mass transit in the New York City region is intensifying.
February 25 -
Tim Walz wants to raise the gasoline tax to support new spending and borrowing for transportation.
February 22 -
The Ohio department of transportation said it faces a funding gap of about $1 billion annually over the next 11 years.
February 21 -
J.B. Pritzker unveiled a $38.9 billion budget that relies on new taxes and borrowing.
February 20 -
A key committee approved a plan to use $150 million in surplus funds to pay off teacher pension obligations, with the theory that school districts may apply the savings to teacher salaries.
February 20 -
Gov. Ned Lamont’s budget speech will include a far-reaching proposal by state Treasurer Shawn Wooden to shore up the wobbly Teachers’ Retirement Fund.
February 20 -
Gov. Phil Murphy’s administration says the revenue shortfall is driven largely by federal tax law changes the GOP passed in 2017.
February 19