State budgets

Fitch Ratings cut Vermont's general obligation bonds to AA-plus, citing slower growth prospects driven by an aging population that isn't growing.

The Kentucky Bond Development Corp. privately placed bonds with Morgan Stanley to settle outstanding obligations to KentuckyWired P3 partners.

The plan would have the state issue $10 billion of pension obligation bonds to create annual budget savings to fund road repairs.

Illinois is the only state that has not yet published its fiscal 2018 comprehensive annual financial report and officials don't have an estimated release date.

Garden State Initiative founder Regina Egea, a chief of staff under former Gov. Chris Christie, explores pressing fiscal challenges facing New Jersey. Hosted by Andrew Coen.

New York’s five-year capital plan may contain long-term risks from the state's increased reliance on borrowing, according to State Comptroller Thomas DiNapoli.

Facing its third hurricane season since Harvey devastated the coastal region, Texas is investing billions of dollars to protect vulnerable cities and counties from flooding.

Lawmakers' $9.97 billion spending plan includes $200 million in Garvee bonds for I-95 in Providence but not Gov. Gina Raimondo's call to legalize cannabis.

The Pennsylvania governor signed a $34 billion fiscal 2020 budget on time and free of drama — unusual for the commonwealth.

The Illinois governor says the state, with its low ratings, is in no position to absorb its largest city's massive pension liabilities.

New Jersey Gov. Phil Murphy signed a $38.7 billion 2020 fiscal year budget Sunday excluding a millionaire’s tax he has long campaigned for.

Gov. J.B. Pritzker denounces the move as right-wing attack to harm the state's improved standing in municipal market.

Charles Gasparino of FOX Business Network talks with Chip Barnett about the role municipal bonds play in the U.S. and how the market has changed over the years. He gives a look back at New York City's finances as well as the best ways to approach infrastructure spending across the country.

A progressive income tax may not boost the state's near-junk rating unless revenue is used to address the pension problem.

The spending plan for fiscal 2020 includes $446.7 million in borrowing for transportation projects in Florida.

Colorado's complicated state funding formula could get the boot from voters even as it returns nearly $40 million to state taxpayers.

With an $11.8 billion budget that nearly doubles that of a decade ago, Arizona rebuilds its balance sheet while boosting pay for teachers and state employees.

It’s Democrat vs. Democrat with Gov. Phil Murphy and legislative leaders debating competing spending plans as the July 1 deadline quickly approaches.

While political debate over Connecticut highway tolls remains jammed, Gov. Ned Lamont's administration warned about federal backlash over a maintenance backlog.

Maine avoided political infighting and adopted its $7.98 billion two-year budget well before deadline.