State budgets

Illinois headed into the new fiscal year with healthier metrics on multiple fronts but its last audit illustrates the long-term drag posed by the state's retirement burden.

Gov. Phil Murphy signed off on the $50.6 billion spending package on Thursday, amid growing concerns of economic slowdown.

The taxpayer refunds captured the most attention, but the final budget also includes a multi-year $47 billion infrastructure package.

Most large states are using pandemic aid for revenue replacement and this will be an issue in the future, an academic says.

The state made "unprecedented additions" to its reserves, protecting its triple-A bond rating, said state Sen. Janet Howell, Finance and Appropriations Committee Chair.

More budget haggling is anticipated before Gov. Gavin Newsom signs the budget. The state's fiscal year begins on July 1.

State Comptroller Susana Mendoza will renew a push for legislation to set automatic triggers for a $200 million annual deposit into the rainy day fund.

Indiana revenues are up $1 billion in the current fiscal year from December revenue projections that already had forecast a multi-billion dollar surplus.

As summer beckons, it's time for a reporters' roundtable with some of the Bond Buyer's senior staff. Yvette Shields, Karen Pierog, Keeley Webster and Thomas Nocera talk with Chip Barnett about what's hot in their regions and what municipal bond market participants should expect to see in the months ahead. (25 minutes)

Since New York legalized the sports gambling industry five months ago, residents of the state have made almost $6 trillion in bets.

Some observers of Puerto Rico politics are concerned its government continues to avoid fiscal responsibility, ignoring past mistakes that led to the bankruptcy.

The state's two-year capital budget includes incentives for Intel's $20 billion chip production plants and spending on local and state construction projects.

Rating agencies like Gov. Gavin Newsom's focus on one-time spending, but warn that the Legislature could upset the applecart by creating ongoing programs.

Signs of robust economic recovery in New Jersey added an additional $4.5 billion in revenue to the state's fiscal 2022 tax revenue estimates.

State officials warn that federal infrastructure funds may be lost if lawmakers don't act on new authorizations.

The December 2020 supplemental aid package provided $9.8 billion directly to state departments of transportation, the only direct stimulus that DOTs received.

John Boyd, principal at The Boyd Company, chats with Chip Barnett about how the COVID-19 pandemic and hybrid work has altered the way companies look at cities and states when they think about locations for their headquarters. (20 minutes)

Michigan's new revenue and economic forecast add billions onto existing surplus projections but officials also warn of looming economic headwinds.

While the report offers many positives for states, headwinds loom, according to investment management firm Conning.

Gov. Newsom doubled down on an $11.5 billion gas rebate plan opposed by fellow Democrats in his May budget revision.