State budgets

Texas is enjoying record revenues amid continuing uncertainty stemming from the pandemic, Glenn Hegar told The Bond Buyer Texas Public Finance Conference.

The state's record-high budget includes relief from the federal American Rescue Plan Act.

The budget pays off Municipal Liquidity Fund loans, goes easier on local governments, cuts some corporate incentives, and begins drawing down federal relief.

Texas lawmakers are facing a special session after a battle over elections, firearms and finance.

Michigan officials raised revenue estimates by $2 billion this year and $1.5 billion in fiscal 2022 as the state economy beats early pandemic expectations.

While Jacques Jiha cited improved outlooks to stable from Moody's and S&P, skeptics warned of inadequate use of federal aid and lingering outyear budget gaps.

Oklahoma can cut taxes and boost school funding while expanding Medicaid coverage thanks to healthy revenues.

Illinois won't wait for the Treasury Department to consider its request to add COVID-19-related debt repayment as an eligible use of ARP funds.

The state's surplus is overstated and agencies can't handle the mountain of cash proposed in the May budget revision, state analysts say.

Colorado lawmakers are working on a $5 billion funding proposal for transportation; this week's $500 million debt issue targets immediate needs.

Gavin Newsom wants to expand Medi-Cal to undocumented seniors, provide broadband to all and create a new grade for four-year-olds.

In California, where state revenues are pouring in well ahead of projections even before American Rescue Plan funds arrive, lawmakers have spending plans.

Revenue from the new law would replenish the state's unemployment fund and then cut taxes on commercial real estate rents.

California Gov. Gavin Newsom asked the legislature to triple the amount of direct stimulus checks to state residents in a $100 billion recovery plan.

Gov. J.B. Pritzker is now willing to fully fund a scheduled education funding hike but other contentious issues remain, notably corporate tax breaks.

Lawmakers, buoyed by rising revenue estimates, overrode Gov. Laura Kelly's veto of tax cut legislation.

The numbers are driven by record oil and gas production tax collections and increases in sales and income tax payments, State Treasurer Randy McDaniel said.

The ratings agency said it action reflects the state’s solid economic recovery from the COVID-19 pandemic.

With help from a flood of federal funding, Colorado lawmakers were able to restore funds lost in the pandemic.

Regina Egea, president of the Garden State Initiative, analyzes New Jersey's fiscal landscape, including the proposed state budget, unfunded pension liability and deficit borrowing. Paul Burton hosts. (20 minutes)