State budgets

What's in the next Illinois budget is more important to S&P Global Ratings than whether it is passed soon.

The covenant commits the state to four financial-restraint measures that lawmakers passed.

Tax collections that came in below forecast reinforce the need for new tax revenues, said Elizabeth Muoio.

The lawsuit says the state's plan to pay off oil producers by issuing bonds violates the state constitution.

Illinois Gov. Bruce Rauner submitted a capital appropriation for the project this week.

Phil Scott said his objections to new taxes in the $5.8 billion budget will bring a veto.

Gov. John Bel Edwards has called lawmakers to the capitol on May 22 to deal with the budget deficit.

New Jersey lawmakers want to complete sports gambling legalization to get new revenue for the state government and debt-ridden Atlantic City.

If New York State legalizes marijuana, New York City could see as much as $336 million annually in new tax revenue.

Moody's sees minimal, but still credit positive, revenue effects for governments that tax legal cannabis.

Gov. Jerry Brown unveiled budget proposals that bolster reserves and favor one-time costs.

Missouri's GOP-dominated legislature passed a budget, and plans a special session to consider disciplinary action against the first-term Republican governor.

Strong personal income tax revenues in California and Connecticut could be a harbinger for other states.

The $20.8 billion second-year adjustment to the biennial plan cleared 48 minutes before Wednesday's midnight adjournment deadline.

School districts and the Chicago Civic Federation slammed Gov. Bruce Rauner's budget plan Wednesday.

The flat state income tax rate is embedded in the state constitution.

Missouri lawmakers could move to remove their governor or take other punitive action.

Conning is holding firm to its declining outlook on states' credit quality, though S&P sees some rays of sunshine.

Gov. John Hickenlooper signed a $28.9 billion state budget.

An expansion of “backdoor borrowing” in the new New York State budget raises transparency red flags, according to Comptroller Thomas DiNapoli.