State budgets

Political change in Washington and the looming budget battle is raising anxiety in state legislatures.

The rating agency cited an easing of the state's fiscal challenges for lifting the outlook on the state's Aa2 rating to stable from negative.

Legislation for a local government revenue sharing trust fund in Michigan has stalled in the state Senate. On Tuesday, supportive officials gathered in Lansing.

AI champ Nvidia and three other tech companies are driving a stock market surge resulting in California revenues coming out $7 billion above expectations set when the 2024-25 budget was approved in July.

States, cities, trade groups look toward uncertain future

Public pension benefit improvements could put credit pressure on states that enact them, the rating agency said this week.

A little-noticed program in Ohio's capital budget is drawing attention after a nonprofit advocacy group called its grants to religious groups unconstitutional.

Votes on Amendment A, which would have allowed excess income tax revenue earmarked for public education to flow into the state budget, will not be counted.

The California State School Board Association has sued over an education funding work-around included as a trailer bill in the budget.

As the economy normalizes, state revenues are shrinking