State budgets

The popularity of Arizona's universal school choice program, which pays for private schools, brought higher-than-projected costs and future budget impact.

Raising money by participating in carbon credit markets and carbon sequestration schemes would ease Alaska's revenue dependence on oil, Gov. Mike Dunleavy said.

Biennial budget bills filed by the Texas House and Senate include $15 billion in property tax cuts amid a projected $32.7 billion surplus.

Roger Millar, AASHTO's new president and chief of Washington's Department of Transportation, joins Caitlin Devitt to talk about the rollout of the Bipartisan Infrastructure Law, how a tight labor market and inflation are impacting capital plans, what a divided Congress means for transportation and an update on the Pacific Northwest's high speed rail project. (24 minutes)

Newly-elected Gov. Josh Green outlined the proposals during his State of the State speech on Monday.

The Eleventh Circuit Court of Appeals has issued an opinion that blocks Treasury from enforcing the "tax cut ban" against 13 states.

With the Permanent University Fund only benefitting the two biggest public universities in Texas, the state legislature will consider creating an endowment for other higher education institutions.

Michigan's latest revenue forecast boosts prior projections by more than $1 billion annually for fiscal 2022, 2023, and 2024.

"Now our state is blessed with an opportunity for prosperity and growth unlike any before in our history," said Jim Justice.

Janet Mills wants to use $1 billion in federal infrastructure aid and higher-than-expected state revenue to fund billions in transportation improvements.

California Gov. Gavin Newsom's proposal reverses plans laid out in last year's budget to redeem some bonds and use cash rather than bonds for some projects.

Illinois Gov. J.B. Pritzker signed legislation sending a portion of the state's surplus to the budget stabilization fund and raising the target balance.

Gov. Jay Inslee wants a $4 billion bond referendum for housing that would be outside the state's debt limit. State lawmakers must approve first.

Inflation is a chief risk to public officials eager to launch new projects, but it's a boon for infrastructure investors, who view the asset class as a natural hedge.

Debt outstanding at state and local public entities totals more than $329 billion, an increase of $61.5 billion since 2017, according to a report by state comptroller Thomas DiNapoli.

The state's benchmark debt ratio for debt service to revenue is at 3.78% — well below a 6% target and 7% limit.

State spending growth topped 18.2% in FY 2022, the highest annual increase in state spending since the National Association of State Budget Officers began recording the data in 1979.

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.