State budgets

The house debated for 26 hours straight before approving the millionaires tax.

Such a bank would be a "revolving financing tool that allows us to stretch dollars further, leverage federal programs without surrendering control, and deliver more projects without raising taxes," Gov. Jeff Landry said. 

Oregon lawmakers balanced the state budget in an intense short session with debates over sports subsidies, transportation cuts and federal income tax conformity.

Minnesota lawmakers hope to pass a major bonding bill this year as they face $5 billion of requests from local governments and state agencies.

Washington, D.C.'s Office of the Chief Financial Officer released a revenue report showing higher than expected tax revenues and a local economy that's struggling.

California and nine states' financial officers urged President Trump to honor the Supreme Court's ruling striking down his tariffs, citing harm to state budgets and the need for economic predictability.

From Illinois to Wisconsin to Michigan, Democratic governors outlined plans to ameliorate budget crunches made worse by Trump administration policies.

A bill that would change the rules for handling natural disasters is stalled in Congress as county governments grapple with the Federal Emergency Management Agency's regulations.

Financial advisory firm PFM is leveraging its modeling system Synario and partnering with DebtBook, a treasury market accounting software platform.

The Senate voted to disallow Washington D.C.'s attempt to decouple its tax policy from the One Big Beautiful Bill Act, as the city's mayor charts more budget challenges in the near future.

Experts looking at the oncoming effects of the One Big Beautiful Bill Act predict that states may have to raise taxes on the wealthy or corporations to compensate for rising Medicaid costs.

Illinois Gov. JB Pritzker resurrected a 2024 pension proposal that would increase the state's funding goal to 100% by 2048.

Illinois' economy will underperform the Midwest and the U.S. over the next year, due largely to the effects of federal policies, according to an economic forecast.

State legislatures are taxing revenue generated by sports gambling, as an estimated $1.76 billion was wagered on the Super Bowl, with even more expected to change hands during the March Madness college basketball tournament.

A trio of current and former Alaska lawmakers presented views differing from the governor's on how to solve the state's budget red ink.

Washington Gov. Bob Ferguson, who has lobbied for a wealth tax, told lawmakers their draft proposal needs work.

The White House releases a report that leans into ending state income tax while tax experts question the math used to make the case.

Alaska Gov. Mike Dunleavy proposed a statewide sales tax as part of his plan to deal with a budget deficit brought on by declining oil revenues.

This would be the state's first bond issuance since 2023.

Maryland Governor Wes Moore unveiled his $70.8 billion budget proposal that is designed to close a $1.5 billion gap via cuts, fund transfers and swaps of bonds for cash.