State budgets

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.

Democratic lawmakers scrapped Gov. Phil Murphy’s millionaire’s tax proposal and pitched their own budget plan just two weeks before a July 1 deadline.

Texas school districts sort through the implications of a new legislative formula to increase per-pupil funding.

The water district in Washington County, Utah, is driving a plan estimated at up to $1.8 billion to bring water 140 miles from Lake Powell.

Moody's is bullish on the state's budget and capital bills, less so on gambling expansion and recreational marijuana

Online wagers dominate in-person bets to drive New Jersey's still-modest but rising take from sports betting.

State governments generally are better prepared for an economic downtown than at any other time since the National Association of State Budget Officers began keeping records in 1988.

States struggle to reap the full benefits of the multibillion-dollar legal marijuana industry becuase of conflicts with federal law.

Deputy Governor Dan Hynes says the recent legislative session put the state on an "upward trajectory," but underfunded pensions dog the state.

Water, health care and housing lead the agenda in budget discussions.