State budgets

Funding for resilience is a challenge for municipal issuers, including many in a budget squeeze.

The better than expected forecast has added fuel to the debate between Republicans and Democrats over how to use the extra money.

Opponents to the under-the-radar provision say its harshness could impede the execution of the MTA's new capital program by deterring contractors.

State Treasurer John Schroder said he will go to court to stop Louisiana’s state government from spending the money.

The agreement includes a $125 million increase in Community Development Block Grants and a $245.5 million increase in grants to state and local law enforcement.

A new survey by the National Association of State Budget Officers reports these reserves had a median balance of 7.6% of a state’s general fund in fiscal 2019, compared with 4.7% in fiscal 2007 before the onset of Great Recession in December of that year.

Observers say the deal with the Transport Workers Union could strain the authority's operating and capital budgets.

Democrat Gretchen Whitmer will sign a supplemental bill restoring more than half of the funding she vetoed in a policy dispute with the GOP-led legislature.

John Hicks has left his position as executive director of NASBO to become Kentucky's budget director.

Fitch Ratings raised Hawaii to AA-plus from AA.

New York State lawmakers may raise taxes to combat a looming $6.1 billion budget deficit.

Gov. Tim Walz wants to use some of the extra funds for a bonding bill to fund infrastructure investments in the state.

State funding hasn't kept pace with expenses, and will continue to be constrained by other fiscal priorities.

A stagnant energy economy has different effects in two neighboring states that are among the nation's top oil and gas-producers.

Petitioner John Tillman Wednesday appealed the August circuit court ruling barring his taxpayer complaint challenging repayment of the bonds.

In a recent Moody's report, analysts said states would be able to weather a moderate recession due to healthy reserves.

General Treasurer Seth Magaziner touts his campaign for Rhode Islanders to buy state bonds ahead of a planned $153 million sale, plus other initiatives from his office. Paul Burton hosts.

California lawmakers warned by LAO against spending a large anticipated surplus.

The Bay State's transportation and congestion crisis puts its economic viability in jeopardy, officials say.

The Division of the Budget said escalating Medicaid costs are the main reason for the projected shortfall.