State budgets

California's Legislative Analyst's Office issued a report offering guidance to lawmakers on the state's reserve.

With lawmakers failing to address a $1 billion budget deficit, S&P said “uncertainty about fiscal 2019 now looms over Louisiana.”

After failing to approve new revenue in a special session, lawmakers now must pass a fiscal 2019 budget without enough revenue to fund state priorities.

As the New York City Council held its first hearing on Mayor de Blasio’s $88.67 billion preliminary budget, "Washington" and "Albany" loomed over the proceedings.

A Volcker Alliance study suggests that while California is reasonably prepared to withstand any future recession, it will still struggle in a downturn.

When and if the state actually funds its pension system on an actuarial basis is the key question for New Jersey, analysts said.

Enrollment pressures are manageable while pension costs should stabilize long-term, Fitch Ratings said.

Michigan's cumbersome process to enact local option taxes still offers cities a revenue option, a report says.

The Senate gave final approval to a ballot measure for a constitutional amendment to require a two-thirds vote of both chambers to raise taxes.

The state House approved a $22.5 billion general fund budget that relies on fees and tax increases to fund priorities like pension obligations.

Changes to return assumptions ease short-term budget pressure while lowering funding for the state pension system.

Minnesota lawmakers return with a slight surplus in hand and a bonding bill and possible pension and tax reforms on their plate.

Lawmakers unveiled a preliminary $2.6 billion capital budget for the 2019-20 fiscal years.

"We have to find new solutions," said Partnership for New York president Kathryn Wylde.

Officials say the law's ban on advance refundings may cost the city $425 million in savings over four years and that changes in state law are needed to offset the damage from the limit on the state and local tax deduction.

Four senators released a proposal to deal with the Bluegrass state’s unfunded pension obligations.

Gov. Eric Greitens faces a felony charge that could lead to impeachment proceedings.

A plan that passed the state House would divvy up $175 million among state and local governments.

California lawmakers introduced bills to spend one-fourth of the $6.1 billion surplus on programs for homeless people.

Oklahoma lawmakers continue to cut spending for hard-pressed state agencies.