State budgets

In the near term, federal aid is sitting on balance sheets ready to be deployed if some of the downside economic risks become reality, experts say.

The budget proposal reflects the state’s improving financial position, due in part to aid from the federal government.

Glenn Youngkin outlined his administration's priorities in Virginia; West Virginia Gov. Jim Justice unveiled a slightly larger budget plan for fiscal 2023.

The Department of the Treasury’s warning letter to Arizona may be a warning to all states who defy the Biden Administration’s rules related to ARPA funding, but disclosure related to clawbacks could be a problem for muni issuers.

Gov. Gavin Newsom listed homelessness, wildfire prevention, climate change and continuing efforts to reduce pension liabilities as budget priorities.

Treasury’s final rule on the State and Local Coronavirus Fiscal Recovery Fund allows counties to use up to $10 million for general public services and expands the list of eligible water, sewer, and broadband infrastructure projects.

The Treasury has issued final ruling for the State and Local Fiscal Recovery Funds program, leaving the ban on the use of stimulus funds to offset tax cuts and furthering the battle of its constitutionality.

Gov. Kathy Hochul's “New Era for New York" initiative includes a $10 billion healthcare proposal, a $1 billion plan to help small businesses, middle-class tax relief, ethics reforms and limiting statewide elected officials to two terms.

Several pension-related matters that impact Chicago, Cook County and suburban and downstate public safety pension funds face an uncertain fate.

A whopping 27% increase in revenues in the second half of fiscal year 2021 sets the state up to replenish its reserves and restore positions cut during the pandemic.