State budgets

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

An outlook revision to positive for the state's Aa2 general obligation rating comes as a methodology update led to downgrades for certain revenue bonds.

After getting positive outlooks from three rating agencies since 2023, Oklahoma received its first upgrade.

Florida's official outlook indicates the state government faces a $10 billion deficit by mid-2028 without major tax and spending changes.

California's state government typically pushes out billions of dollars of debt from August to November. This year there may be a shift in buy side sentiment.

General fund revenue growth of only 1.1% in the fiscal year that ended Saturday, marks a continued slowdown since fiscal 2022's 26.4% increase.

Nebraska Gov. Jim Pillen signed into law a package of bills that includes caps on spending authority for local cities and counties.

Dolton's unfunded expenditures have soared since 2021, resulting in a negative $3.65 million balance in its general fund, Lori Lightfoot told village trustees.

As governor of Minnesota, Tim Walz has proposed some sweeping investments, including a $3.3 billion bonding bill that was the largest in the state's history.