State budgets

Washington Gov. Bob Ferguson told lawmakers approving an unsustainable budget would put bond ratings at risk.

As Chicago transit agencies and Illinois lawmakers near a deadline to fix a transit budget shortfall of about $770 million, some are calling for a services tax.

Lawmakers have proposed record high spending but left key needs unfunded, the Citizens Budget Commission warns as the state misses its April 1 deadline.

Legislation addressed expanding water supply, paying for flood damage, financing for capital projects, as well as a fiscal 2026 spending plan.

California's High Speed Rail Authority has until June 2026 to figure out how to close a $7 billion budget hole, said the LAO's principal fiscal and policy analyst at a budget hearing.

Washington's latest official state revenue forecast lopped almost $900 million from projected collections over the next four years.

A $1.1 billion dollar cut to the Washington, D.C., budget by way of Congressional action is on hold thanks to intensive lobbying and an intervention by the Senate as the city vows to meet its financial obligations.

The state is trying to navigate its way to a fiscal 2026 budget amid potential federal policy changes and the heightened risk of a recession.

Bond-issuing infrastructure districts and development zones were a focus of legislation passed by Utah lawmakers during a session that ended March 7.

The Tax Policy Center examined which cities and states would be the most affected if Congress eliminates the tax exemption.

Alaska, California, Hawaii, Washington, Louisiana and New York have the worst-performing, least cost-effective roads and bridges, according to Reason Foundation's latest report.

Maryland lawmakers proposed a new tax on business-to-business transactions to close a $3 billion budget gap amid the firing of thousands of federal employees.

Gov. Phil Murphy highlighted pensions and fiscal responsibility in his budget address. 

Glenn Lee is warning the city government of a $21.6 million drop in year-to -date collections and a grim financial forecast of years to come due to falling employment levels.

The Senate hearing comes as lawmakers start to shape the next surface transportation bill.

Illinois' Annual Comprehensive Financial Report for fiscal year 2023 recently passed the 600-day mark and is threatening to break California's lateness record.

Washington's threats to state and local government funding took center stage when Illinois Gov. JB Pritzker delivered his seventh budget.

Some analysts believe that the muni market will ultimately be insulated from any changes in tax status because of the benefit it already provides.

The state will have less money to spend in the upcoming fiscal year, according to projections certified in a process criticized by Oklahoma's attorney general.

DeSantis' proposed all government activities budget is 2.5% lower than the current year's budget.