State budgets

President Trump's budget proposal for fiscal year 2027 includes $1.5 trillion for the military, while cutting FEMA's budget, privatizing the TSA, and increasing transportation funding.

New Hampshire's deals are always well received, according to the state treasurer. She hopes that trend holds in this week's market.

The $12.78 billion fiscal 2027 budget agreement unveiled by Republican officials comes as lawmakers prepare for looming federal Medicaid funding cuts.

A presidential address does nothing to quell the price of crude oil as states are now calculating the effects of rising fuel prices on their tax revenues.

Divisions are emerging among Missouri lawmakers over the $50.3 billion fiscal 2027 budget the House passed last Tuesday.

The tax could result in an increase in demand for the state's municipal bonds.

Guessing what may happen as Congress pounds away on a surface transportation reauthorization bill has not rattled credit ratings so far, but a key deadline could slip.

The new state income tax is expected to make Washington munis, which are exempt, more attractive for high-earning residents.

Overall rainy-day fund capacity for U.S. states fell in fiscal year 2025 for the first time since the World Financial Crisis as more states look at tapping reserves.

Pennsylvania and New Jersey built up historically strong reserves. Unwilling to raise taxes, their governors want to tap these funds.

Nebraska Gov. Jim Pillen called on state lawmakers to act after the state's 2025-27 biennium budget bill fell short of a cloture vote on Thursday.

As rising fuel prices make headlines, more states are eyeing suspending their gas tax rules while concerns rise about the beleaguered Highway Trust Fund.

Illinois returns to market with about $1.4 billion of GO bonds on Tuesday, with proceeds funding accelerated pension benefit payments and capital projects.

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.