State budgets

Failure to aid one could hurt the others, according to the state comptroller's review of the city's financial plan.

With help from federal stimulus funding and online sales, Texas sales tax revenues turned positive in July. However, other tax revenues have fallen significantly.

House Speaker Nicholas Mattiello has filed bills calling for a referendum on boosting the state's reserve balance to 10% of annual general revenue over a decade.

Minnesota’s projection of a $2.4 billion gap in the current budget cycle remains on target, but another $4.7 billion gap looms in the next two-year budget as the toll mounts for the COVID-19-induced economic shutdown and recession. The state plans to sell $1.2 billion of GOs next week.

Colorado's decision to withhold pension funding brings a warning from Moody's.

State revenues for fiscal 2020 came in 5.7% lower than Florida forecasters anticipated because of business disruptions caused by the COVID-19 pandemic.

Minnesota's governor blames efforts to strip emergency powers he used in the fight against COVID-19 for the holdup in passing a $1.8 billion bond authorization.

Tom Kozlik of Hilltop Securities explains why meaningful federal coronavirus assistance to states and cities is no slam dunk. Paul Burton hosts. Recorded July 21.

Lottery revenues, used to cover a chunk of the state's pension payment, will fall about $163 million short.

A 16-year-old bond case reemerged to play a central role in Republican efforts to halt Gov. Phil Murphy’s $9.9 billion borrowing plan.

More will be clear once the state gets a full tally of receipts from the July 15 tax deadline, but a rocky road lies ahead in any case.

With prospects of federal aid waning, an $8 billion revenue gap will leave the the state government and Gov. Andrew Cuomo few attractive options.

The commission approved the borrowing amid projections of a $153 million budget shortfall for fiscal 2020 due to COVID-19.

Texas faces a shortfall of $4.8 billion at the end of fiscal year 2021, Comptroller Glenn Hegar reported.

A $9.9 billion emergency bonding bill approved by the Democratic-controlled state legislature Thursday will likely face a legal battle.

S&P moved Michigan's outlook to negative this week. Fitch recently affirmed the state's stable outlook.

Illinois paper is trading at tighter spreads than it did amid the original coronavirus surge, though they remain much higher than in February.

Gov. Phil Murphy reached a deal with Democratic state legislative leaders to pass nearly $10 billion of borrowing to deal with COVID-19 pandemic revenue shortfalls. The deal faces a legal showdown with Republican leaders.

A scaled down 2021 fiscal year spending plan signed by Florida Gov. Ron DeSantis will likely need further cuts to withstand potential revenue losses resulting from the ongoing COVID-19 pandemic, according to analysts.

Thirteen states and territories already have received federal authorization to borrow $17 billion to pay unemployment insurance claims.