State budgets

New bill backlog management tools, spending caps, and revenue estimates are getting legislative attention as the budget remains up in the air

Gov. Kate Brown called a special legislative session to consider the proposal.

Amid teacher protests, Colorado lawmakers have two weeks to clear a backlog of bills that include a $5 billion transportation bond authorization and a pension funding measure.

The payment of interest penalties lags as Illinois works to repay its mountain of bills.

Officials want to cast the state's fiscal health in a more positive light even as offering documents lay out a starker assessment.

With competing party-line legislative budgets, a rebuke of both by the governor and a worsening deficit projection, the state is careening toward more fiscal turmoil and further backlash from Wall Street.

Pushing off painful decisions tanked Illinois' ratings while California reaped spread and rating benefits from better choices.

With more than 100 structures closed recently due to potential safety risks, Moody's said the state’s deteriorating infrastructure is credit negative.

The Legislature approved a $22 billion budget that includes line-item funding for the state’s broadband bonds.

The state's ratings are at risk, Fitch Ratings says, because the budget doesn't include debt service on bonds for the high-speed Internet project.

The controversial bailout for Hartford is sending fiscal shock waves through the legislature and contributed to $100 million for the XL Center being cut from the governor's proposed capital improvement budget.

Alaska's credit quality and the future of some existing and proposed bonding programs hang in the balance as lawmakers wind down the clock in Juneau.

New Jersey needs new tax increases to combat an “unsustainable” structural deficit, the state’s top fiscal officer told legislative leaders Tuesday.

The Big Apple should be prepared to weather a big downturn, so the City Council is urging the mayor to put additional reserves into his budget proposal.

Illinois lawmakers returned to work this week with less than two months to settle on a budget.

Restructuring expert Michael Imber of EisnerAmper explains how in-kind real-estate asset contributions could curb the state's steep unfunded liability. Paul Burton and Chip Barnett host.

For the first time in nearly 30 years, Oklahoma has raised taxes to deal with a teachers strike, a credit positive step, says Moody's Investors Service.

The Legislature's budget failed to provide debt service on some bonds, decimated reserves, and lacked full funding for core services, Gov. Matt Bevin said.

Employers in New York also are allowed to implement a 5% payroll tax as a way of paying some of their employees’ state income taxes.

Illinois spreads are rising as the state plots its first sale of 2018 for May.