State budgets

The revenue shortfall has the attention of some rating agencies.

The nation's two largest crude oil producing states are reporting revenue increases in the wake of the Iran conflict, which began Feb. 28.

The budget includes plans for transportation bonds to be sold over the next few years.

The state took nearly two years to publish its fiscal 2024 annual comprehensive financial report — and that was an improvement.

While California has improved the timeliness of its audited comprehensive financial reports, Nevada continues to struggle.

The governors of two top Midwest destinations for data centers froze tax breaks for the projects as grassroots opposition groups begin building coalitions.

Illinois released its 2025 Annual Comprehensive Financial Report last week, completing the report nearly eight months earlier than its 2024 ACFR.

Market Intelligence analyst Jeff Lipton explains why constrained state budgets should not be mistaken for broad credit deterioration, pointing to rainy-day funds, revenue diversity, low debt burdens and strong debt-service protections as key stabilizers.

Cameron Hamilton, the current nominee to head up the Federal Emergency Management Agency, responded to accusations of political bias during a Senate hearing on Wednesday.

For the first time since 2023, Georgia will bring its general obligation bonds to the municipal bond market, with a $1.57 billion competitive deal.

Ohio Gov. Mike DeWine on Monday signed the state's $3.7 billion FY2027-28 capital budget, lauding the budget's breadth and impact on ordinary Ohioans.

Budget legislation was introduced in both houses of the California legislature last week, setting up negotiations.

California State Controller Malia Cohen released her monthly cash report and announced formation of a new economic advisory council this week.

Illinois Gov. JB Pritzker proposed changes to address his state's underfunded pensions in his budget proposal. Two made it through the legislature.

In need of revenue, some state legislatures are turning to their wealthiest residents for additional monies.

Gov. Abigail Spanberger received a dose of good news for a constrained budget as a new revenue forecast shows a boost in tax collections.

Illinois lawmakers passed a $56 billion fiscal year 2027 budget as the legislative session wrapped up in the early hours of Monday morning.

The long-discussed pieces of the budget — a "pied-à-terre" tax, climate law changes, and higher education spending — have finally come together. 

A surge in tax revenue driven by AI-related companies masks a persistent structural budget deficit, the Legislative Analyst's Office warned.

The decade-long enrollment decline of the state's public schools should prompt policy adjustments, the Public Policy Institute of California argues.