State budgets

Monday’s vote was the start of the process of allowing lawmakers to work on the approximately $12 billion state budget in a conference committee.

Despite the coronavirus pandemic, Tennessee state revenue collections last month were about $156 million more than the budget estimate.

Federal aid and budget cuts could erase Texas's nearly $1 billion revenue shortfall, state Comptroller Glenn Hegar says.

The continued escalation of COVID-19 cases in California and the resulting economic volatility took precedence as Gavin Newsom unveiled his fiscal 2021 budget.

Despite a fiscal blow, Oklahoma landed in a better position than many expected, the treasurer says.

The new corporate tax incentive legislation includes an annual cap for a key component, in an effort not to repeat the mistakes of its predecessor program.

The spending plan the governor will release Friday will include a $4.5 billion economic recovery package in the wake of the coronavirus pandemic.

Texas saw sales tax revenue fall 5% in December, ending a dark year of pandemic and lower oil prices.

Michigan Gov. Gretchen Whitmer named Dave Massaron to replace Budget Director Chris Kolb, who is taking an administrative job at the University of Michigan.

New Jersey and Connecticut on Tuesday joined a legal battle to stop neighboring states from taxing residents who due to the pandemic have stopped commuting over state lines and are now working remotely.

Garden State revenues increased in November based on recently enacted tax increases, but analysts say a sustained fiscal rebound hinges on progress confronting the COVID-19 pandemic.

Thirty-five states reported general fund collections for fiscal 2020 from came in lower than original budget projections.

The budget included reduced capital improvement and GO issuance plans over the biennium.

Florida's triple-A ratings face an ongoing vulnerability because of the fiscal and economic impacts of COVID-19, its annual debt report warns.

Gov. Gina Raimondo signed the $12.8 billion FY21 budget bill, which includes seven ballot questions on $400 million worth of projects.

"If you bankrupt the states, you bankrupt the country,” said NGA Chairman Andrew Cuomo, the governor of New York.

New Mexico aims to join its neighbors in legalizing recreational marijuana as it seeks to reduce dependence on oil and gas taxes.

Joe Torsella still advised that such a move to backstop the commonwealth's two largest public retirement funds is no panacea.

The Empire State's general obligation bonds revised to negative from stable by rating agency due to heightened budget risks.

Hawaii's governor announced that state employees would be furloughed two days a month; the state sold $750 million of GO bonds in October to fund operations.