State budgets

Duane McAllister and Lyle Fitterer of Baird talk with Chip Barnett about low rates and credit quality. They discuss the best scenarios for investors and issuers in these challenging times. (20 minutes)

A proposed financial transaction tax in aimed at bolstering tax revenues could cost the state Wall Street business, analysts warn.

The governors in Oregon and California point out that climate change has exacerbated the conditions that start and accelerate wildfires.

Former New Jersey Department of Treasury senior staffer Bobby Rand explains why he thinks Gov. Phil Murphy’s $4 billion borrowing proposal to offset lost revenues caused by the COVID-19 pandemic will exacerbate the state’s fiscal woes.  Andrew Coen hosts. (29 minutes). 

In a long-range revenue forecast, a state economist told lawmakers that it could take two or three years for Florida’s hard-hit tourism industry to recover.

Gov. Gina Raimondo and top lawmakers want a clearer picture from Washington over coronavirus relief aid.

Gov. Phil Murphy’s administration faces a fast-approaching deadline to choose its debt strategy: long-term GO bonds or the Fed's Municipal Liquidity Facility.

In the first two months of the fiscal year, Georgia saw state tax collections, which support the state general fund, increase by 12.4% year-over-year.

A new state revenue forecast could put a crimp in the governor's $4 billion emergency funding bond plan.

The Minnesota Management and Budget commissioner is moving to the University of Minnesota after a decade with the state, and his MMB predecessor replaces him.

The numbers were not as bad as first forecast, with sales tax revenues, which account for 59% of the budget, inching up.

The governor cited budget and social justice benefits from a measure to legalize cannabis, which officials say could bring in $600 million of new revenues.

The stop-and-go 2020 legislative session left some lawmakers feeling there is unfinished business in Sacramento.

The university and its health system are experiencing the biggest shortfalls ever, president Thomas Katsouleas told Connecticut lawmakers.

States are currently projecting revenue declines of 12% to as high as 40% in the current fiscal year.

Michigan now pegs its three year coronavirus-related revenue losses at $5 billion but cautions that much remains unknown heading into 2021.

New Jersey Gov. Phil Murphy pitched a revised $32.4 billion nine-month 2021 fiscal year budget that hinges on billions of borrowing and newly enacted taxes to confront a coronavirus-induced revenue gap.

State economists project Florida will lose $5.4 billion of general revenues over the next two years, partly from reduced sales and lack of tourism.

Gilt-edged Georgia boosted the amount of its borrowing this year to support the state's economy amid the COVID-19 pandemic, state official say.

New York State’s revenue deficit deepened during the first three months of fiscal 2021, underlining how crucial federal funding is to help, according to Gov. Andrew Cuomo.