State budgets

The Roosevelt Institute rolled out a new report on munis revealing the latest trends in public finance along with critiques and recommendations for alternative ways to fund infrastructure.

Maryland's Capital Debt Affordability Committee is recommending the state stick to its guns by endorsing a plan to borrow up to $1.75 billion for capital projects in the coming fiscal year, despite the job shedding inflicted by the Trump administration's plans to shrink the federal government.

The Southeast's states rely on federal funds more than those in other regions and analysts warn those funds may be ending shortly if the shutdown continues.

The Trump administration's tariff policy is affecting vulnerable pockets of the economy including the construction industry, port operations and states with a reliance on international trade.

Legislators and transit groups are pushing to get transit reform across the finish line this month, lawmakers and stakeholders said Friday.

Pausing federal funding creates another hardship for municipalities who are also reeling from infrastructure grants being clawed back by the U.S. Department of Transportation.

Washington revenues through 2029 are expected to be $900 million below the 2025-27 budget estimates.

The state's government now expects general fund revenues to decline 2.3% in the current fiscal year from the previous fiscal year.

The Pennsylvania government is still kicking the can down the road on public transit funding. This time, it's using capital funds to plug operating gaps. 

The state government is holding back school aid while it waits for lawmakers to pass a budget. That's hurting some schools more than others. 

Unless the state government makes changes to revenue or expenditures Florida faces a combined deficit of $8.1 billion in fiscal years 2027-28 and 2028-29.

State government own-source revenue declined 2.3% in fiscal 2025 from the totals in fiscal 2024.

Michigan lawmakers must pass a 2026 budget before Oct. 1, but the Republican-controlled state House and Democratic-controlled Senate are far apart.

Analysts credited governance improvements Connecticut put in place in 2018, which have reduced the state's liabilities and improved its reserves. 

California lawmakers, who announced a deal with Gov. Gavin Newsom in June, say his administration failed to agree on loan terms ahead this week's deadline.

Gov. Michelle Lujan Grisham ordered lawmakers back into session to mitigate the impact on hospitals, Medicaid, and other programs from federal policy changes.

Several major cities are staring down budget deficits and credit downgrades as the effects of inflation and OBBBA trickles down while relationships with their states adds complexity.

The state has teed up a $21.5 billion, six-year transportation budget as it deals with the fallout from federal workforce cuts, a credit downgrade, and a feud with the Trump administration.

Special budget sessions, falling tax revenues and provisions in the One Big Beautiful Bill Act are combining with tariffs and cuts to the federal workforce to create headaches for the states.

Philadelphia's economy has been growing. But deep cuts Pennsylvania may impose on the regional public transportion system could have serious negative impacts.