State budgets

The state continues to set records for monthly sales tax collections, despite signs that oil production is facing uncertain demand.

The new governor included the fuel tax in his budget plan, which would spend $83.4 billion over the next two-year budget cycle.

Minnesota's latest revenue forecast still projects a $1 billion surplus.

New York’s next budget should build up reserve levels to brace for the next economic downturn, according to the state comptroller.

The state's BBB Fitch rating is at risk of a downgrade if lawmakers adopt Gov. J.B. Pritzker's proposed fiscal 2020 budget.

Gov. J.B. Pritzker’s “bridge” budget would reduce the state's immediate pension contributions, and assumes voters will approve income tax changes in 2020.

The tax cap, and a voter ID measure, are unconstitutional because the state legislature is illegally racially gerrymandered, a Wake County judge ruled.

As Albany enters the budget homestretch, debate over congestion pricing and other measures to bolster mass transit in the New York City region is intensifying.

Tim Walz wants to raise the gasoline tax to support new spending and borrowing for transportation.

The Ohio department of transportation said it faces a funding gap of about $1 billion annually over the next 11 years.

J.B. Pritzker unveiled a $38.9 billion budget that relies on new taxes and borrowing.

A key committee approved a plan to use $150 million in surplus funds to pay off teacher pension obligations, with the theory that school districts may apply the savings to teacher salaries.

Gov. Ned Lamont’s budget speech will include a far-reaching proposal by state Treasurer Shawn Wooden to shore up the wobbly Teachers’ Retirement Fund.

Gov. Phil Murphy’s administration says the revenue shortfall is driven largely by federal tax law changes the GOP passed in 2017.

Illinois would also use asset transfers, supplemental contributions and a buyout program in the governor's plan to deal with $133.7 billion of unfunded liabilities.

California has issued $3.3 billion of general obligation bonds for the high-speed rail project out of $9.9 billion authorized by voters.

The federation issued its suggested budget roadmap Wednesday, ahead of Gov. J.B. Pritzker's first budget release.

Gov. Gretchen Whitmer had a lot to say about what she wants to do but no details on how to pay for it.

A $12.5 billion rainy day fund protects Texas from the next recession, said Comptroller Glenn Hegar, who wants to invest the fund into productive assets.

Ned Lamont says his initiative could cut Connecticut’s borrowing by 39%, or hundreds of millions of dollars annually.