State budgets

A bill that would change the rules for handling natural disasters is stalled in Congress as county governments grapple with the Federal Emergency Management Agency's regulations.

Financial advisory firm PFM is leveraging its modeling system Synario and partnering with DebtBook, a treasury market accounting software platform.

The Senate voted to disallow Washington D.C.'s attempt to decouple its tax policy from the One Big Beautiful Bill Act, as the city's mayor charts more budget challenges in the near future.

Experts looking at the oncoming effects of the One Big Beautiful Bill Act predict that states may have to raise taxes on the wealthy or corporations to compensate for rising Medicaid costs.

Illinois Gov. JB Pritzker resurrected a 2024 pension proposal that would increase the state's funding goal to 100% by 2048.

Illinois' economy will underperform the Midwest and the U.S. over the next year, due largely to the effects of federal policies, according to an economic forecast.

State legislatures are taxing revenue generated by sports gambling, as an estimated $1.76 billion was wagered on the Super Bowl, with even more expected to change hands during the March Madness college basketball tournament.

A trio of current and former Alaska lawmakers presented views differing from the governor's on how to solve the state's budget red ink.

Washington Gov. Bob Ferguson, who has lobbied for a wealth tax, told lawmakers their draft proposal needs work.

The White House releases a report that leans into ending state income tax while tax experts question the math used to make the case.

Alaska Gov. Mike Dunleavy proposed a statewide sales tax as part of his plan to deal with a budget deficit brought on by declining oil revenues.

This would be the state's first bond issuance since 2023.

Maryland Governor Wes Moore unveiled his $70.8 billion budget proposal that is designed to close a $1.5 billion gap via cuts, fund transfers and swaps of bonds for cash.

New York Gov. Kathy Hochul wants to keep funding level as the state loses financial support from the federal government and Trump administration.

The state's Democratic governor and Republican-controlled legislature are at odds over how much to conform with federal tax changes enacted last year.

State revenues were down 0.7% in the first six months of the fiscal year compared to a year earlier.

Gov. Ferguson pushed a wealth tax and infrastructure spending in his State of the State speech, but Republicans cried foul on the spending.

Public pensions have notched some improvements as the uncertainty surrounding state budgets and the effects of tariffs raise concerns.

Moody's Ratings warned some states face credit risk after the Trump administration froze $10 billion of funding to five blue states.

Maryland is currently battling federal job losses and string of financial challenges but is starting the new year with a new triple-A rating on its general obligation bonds complete with a stable outlook.