State budgets

Dynamics at play in New Jersey include the pandemic, an election year, massive borrowing, significant federal aid and a major pension liability problem.

The budget, a continuation from the previous fiscal year, was called too austere by some critics.

Advocates for state and budget officials say there is enough ambiguity in the legislation to warrant guidance from the Treasury Department.

As the governor faces an impeachment inquiry, just how New York State government will function on budget and other matters is an open question.

GOP lawmakers plan to scrap some of the Democratic governor's budget priorities, which include a $2.38 billion capital plan.

Two top state lawmakers, who along with Cuomo comprise the “three people in the room” that hash out the spending plan, pulled their support of the New York governor.

With federal stimulus payments flowing through the economy, Oklahoma's revenues were encouraging in February.

Increased federal funding, Gov. Janet Mills’ targeting of coronavirus relief funds and the state’s relative success in fighting the pandemic have helped.

Minnesota was staring at a $1.3 billion gap in its next budget cycle just a few months ago, but the new revenue and economic forecast projects a $1.6 billion surplus.

S&P said the proposed budget represents a step in the right direction but it will weigh the final budget and other developments before acting on its BBB-minus rating.

The governor wants the first full actuarial contribution in 25 years, spurring discussion about what else one of the nation's lowest-rated states should do.

The rating agency called the commonwealth's proposed rainy day fund withdrawal moderate.

Illinois Gov. J.B. Pritzker's budget proposal, rosier revenue estimates and the prospects of more federal aid are only short-term salve for the state's long-term fiscal strains.

Lawmakers will vote next week on a relief package agreed to by the governor and legislative leadership.

The governor has formed an Office of Climate Action and the Green Economy, while committing $100 million for clean-energy initiatives that include vehicle electrification.

Gov. J.B. Pritzker's says potential federal funding relief would go first to pay down short-term debts likes its Federal Reserve borrowing and the state's bill backlog.

Indiana, Michigan and Ohio budget proposals benefit from a revenue picture that is more optimistic than feared earlier in the COVID-19 pandemic.

Howard Cure of Evercore and Maria Doulis, formerly of the Citizens Budget Commission, explore New York City's fiscal variables amid the pandemic. Paul Burton hosts. (30 minutes). Recorded Jan. 26.

Gov. Jim Justice outlined a vision to repeal the state income tax, which drives almost half of the state's general fund revenue.

The governor, in his $46 billion biennial budget proposal, called for both as the state seeks to plug a deficit from the effects of COVID-19. The plan also has a bond provision.