State budgets

Legislation to restructure New Jersey Transit’s board of directors may carve out a fresh path for the beleaguered system.

The planned closure of the L subway line for 15 months shines a glare on New York City and transit agency officials.

Gov. Phil Scott will allow a budget to take effect without his signature.

The state's capital funding needs are far short of its available funding resources.

Gov. Phil Murphy and state lawmakers enter the home stretch of a July 1 budget deadline far apart on a spending plan and tax increased needed to combat a steep deficit.

Muni analysts doubt that either major-party candidate for governor has the solutions to Illinois' many fiscal problems.

Bill Walker signed the bill to pay off $1 billion in tax credits saying it would save the state government money.

In a third special session this year, the Republican-led Legislature is considering new funding to prop up the budget signed by Democratic Gov. John Bel Edwards.

Less than two weeks remain before the new fiscal year, and Gov. Phil Murphy and state lawmakers remain far apart.

Higher contributions and benefit cuts will reduce Minnesota's unfunded pension liabilities.

Two years after New Mexico lost its triple-A rating, New Mexico has taken its second downgrade from Moody's Investors Service based on rising pension and Medicaid obligations.

The state's highest court rejected a ballot question that would have asked voters to raise the state income tax on the commonwealth's top earners.

Gov. Jerry Brown convinced lawmakers to set aside $15.9 billion in total reserves.

Gov. Bill Walker says the plan will help reduce the state deficit.

A political dispute among Democrats threatens the state's ability to enact an on-time budget.

Only nine states reported making midyear budget cuts totaling $830 million this year compared to 22 states that cut $3.5 billion in 2017.

The spending plan heads to Gov. Rick Snyder for his expected signature.

The record May tax revenues are a product of a strong economy and 2017 revenue legislation, said Ken Miller, the state treasurer.

The three agencies that rate Illinois are watching to see how well assumptions in the budget play out during the fiscal year.

Gov. Phil Scott and the state legislature remain at odds over a new spending plan as the a July 1 budget deadline approaches.