State budgets

A year after the pandemic struck the nation's economy, Texas sales tax collections hit an all-time record for April.

Income tax payments and improving revenue collections have helped bring the state's bill backlog down to $3.5 billion.

The pact may generate up to $2.5 billion in revenue for the state in the next five years and $6 billion through 2030.

Indiana's newly adopted budget, with rosier revenue projections and a looming infusion of federal relief funds, will also boost infrastructure spending.

New Mexico joins neighboring states Arizona and Colorado in legalizing marijuana sales with an eye toward higher state revenue.

A year after its S&P outlook turned negative, Oklahoma is back to a stable position on strong financial management during COVID.

New Jersey lines up $400M sale with outlook boost

Recent budgetary and pension reports underscore how llinois must proceed with caution in spending $7.5 billion of federal aid.

While state budget language restricts the governor's use of $1.3 billion of bonding, he has other options as transit advocacy groups push back.

Buoyed by a ratings upgrade from Moody's, the state still faces challenges including high debt and legacy costs.