State budgets

A graduated income tax could lay the groundwork for Illinois to rebuild its credit quality — but only if done right, according to the rating agency.

A mechanism for taxing internet sales on out-of-state sellers could mean an additional $850 million of revenue for Texas, according to legislative analysis.

If approved by the governor, the budget will mark the ninth consecutive year of record spending by the Sunshine state.

The $31 billion spending plan takes a cautious approach to spending after failed efforts to bond for transportation.

The state Senate approved the proposed constitutional amendment on a party-line vote.

As the session enters the homestretch, lawmakers are divided over how to impose tolls on the state's highways and whether to do so.

The one-time cash infusion would go toward the unfunded liability of the Teachers' Retirement Fund ‘96 — the defined benefit plan for teachers hired after June 30, 1995.

The next five weeks will determine the fate of first-year governor J.B. Pritzker's proposals for the fiscally troubled state.

The University of Maine’s discounts on out-of-state tuition have changed its student population and officials foresee a post-graduation payoff for the state.

The state recorded $76.5 billion of tax receipts in fiscal 2019, down 4.7% from the previous year.

A higher state sales tax would be used to help fund public schools, in connection with a cap on local property taxes.

Kroll Bond Rating Agency lifted Los Angeles one notch to AA-plus.

Voter approval rates this year for Wisconsin school district fiscal referendums fell short of last year’s record levels.

The full state Senate will weigh Gov. J.B. Pritzker's proposal to ask voters to approve a graduated tax system after it cleared a committee.

Gov. Phil Murphy's budget plan includes $447 million of revenue from proposed income tax rate hikes for the highest earners.

Toll pricing, street management, transit funding priorities and a scramble for exemptions will be in play as New York paves the way for U.S. cities.

Ohio legislature settled on a leaner gas tax increase to help fund fixes for its roads and bridges.

The state collected $2.6 billion, a 9% increase over the same month of 2018, said State Comptroller Glenn Hegar.

Weakening support for Oklahoma State University led Fitch Ratings to lower its rating one notch to AA-minus as OSU prepares to issue $77 million of revenue bonds.

New Jersey lawmakers should protect a planned $1.2 billion budget surplus while crafting the 2020 budget, according to Elizabeth Maher Muoio.