State budgets

The state sees a fix to budget problems and is betting big on three downstate casinos to pad its coffers.

Minnesota raised its surplus projections by $6 billion Tuesday and Wisconsin last month added $2.7 billion to its surplus.

Most states are still spending federal dollars and boast full rainy-day funds.

The state will use surplus revenues to pay off the remaining $1.36 billion balance and will loan the trust another $450 million to bolster its health with repayment going toward the state's budget stabilization fund.

Airports, schools and affordable housing received an infusion of cash from lawmakers

"S&P recognizes the progress that has been made and that Connecticut is getting its mojo back," said Gov. Ned Lamont.

The Legislative Analyst's Office forecasts the state could face a $25 billion deficit in fiscal 2023-24.

A combination of federal funding and rising tax collections has filled the coffers.

With federal funding accounting for the largest portion of its revenue, Utah is mulling safeguards in the event of a future decrease.

Illinois raised its fiscal 2023 revenue estimates by $3.69 billion, giving Gov. J.B. Pritzker enough to propose doubling the state's $1 billion rainy day fund.