State budgets

The state's February general revenue collections came in $30.62 million below official estimates. but total collections for fiscal 2024 are $428.1 million ahead of forecasts.

The city has again proven to have a resilient economy, with better than budgeted revenues, said Howard Cure, a partner and director of municipal bond research at Evercore Wealth Management LLC.

The Ohio state Senate passed a bill that included $1.27 billion in bonds for state government facilities, classrooms, subdivisions and conservation projects.

Hawaii's budget director told a state Senate committee the costs to house people are coming in double what was estimated.

"When you add everything in this document up, it demonstrates you can make smart investments when you budget wisely, trust the market rather than try to dictate it, and empower your citizens more than you empower the government," said Georgia Gov. Brian Kemp.

Washington state lawmakers approved a $14.6 billion two-year transportation budget, a $1 billion increase.

Analysts say states can avoid short-term issues as a result of strong reserves but some may face challenges over the longer term.

Indiana saw a tax revenue windfall in January, with general fund revenues coming in 15.8% above last January's number and 9.3% above December's projections.

A new tax on corporations would create a dedicated revenue stream for commuter rail and bus operator NJ Transit under New Jersey Gov. Phil Murphy's budget plan.

Children were the organizing principle of Illinois Gov. JB Pritzker's sixth State of the State and budget address Wednesday, which called for a balanced budget.

Maura Healey's budget plan for fiscal 2025 features more money for the Commonwealth Transportation Fund, which would increase its bond capacity by $1.1 billion.

The state faces slower job growth after gains in the previous three years outpaced the nation, according to the Dallas Federal Reserve's Texas economic outlook.

Josh Shapiro proposed sweeping changes to Pennsylvania's K-12 and higher education systems and $500 million of borrowing for his economic development plan.

Biden administration officials have indicated they will not be appealing the Eleventh Circuit's decision allowing states to use ARPA funds to offset tax cuts to the Supreme Court.

Stronger-than-expected economic numbers could boost bond issuance.

The chamber is once again refusing Gov. Kevin Stitt's call to pass an income tax cut during a special session.

The fiscal 2025 budget Jim Justice laid out in his final State of the State address contains tax credits for senior citizens and families with young children.

Infrastructure, housing and recovery efforts from the deadly Maui wildfires in August were a focal point of Hawaii Gov. Josh Green's State of the State speech.

The rating agency said plugging a growing budget gap is "crucial" for the credit quality of the Aa1-rated state.

Hochul's budget proposal for fiscal 2025 would preserve New York State's reserves at $19 billion.