State budgets

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.

Although oil and gas revenues remain low, Oklahoma saw signs of hope for recovery in June.

The Garden State defers nearly $2 billion of spending into the new fiscal year, which could force them to make difficult choices in the fall.

Dag Detter, an investment advisor and former president of the Swedish government's holding company, explores creative ways for U.S. states and cities to improve their finances. Paul Burton hosts.

Texas reported June revenues improved from May, but still down year-over-year.

While few observers are content with the new balanced budget, many say they can live with it as they look to an uncertain economic future.

The deficits for the next two fiscal years remain unaddressed.

Maine State Treasurer Henry Beck discusses how the New England state is confronting steep revenue losses driven by the COVID-19 pandemic and budget-saving measures that may be enacted. Andrew Coen hosts.

At least nine states have enacted across-the-board budget cuts in response to the sudden revenue shortfalls caused by the economic shutdown resulting from stay-at-home orders.

The governor largely agreed to abandon the steep cuts he proposed in his revised budget,.

The supplemental spending bill is unorthodox in normal times yet an increasingly common tactic among states during the coronavirus pandemic.

California legislators met the letter of the law in passing the budget by Monday's deadline, but the state is a long way from a final spending plan.

The $779 million refunding will capture present value savings while pushing off some debt repayments for budget relief that Fitch called "reasonable."

With about two weeks before the fiscal 2021 starts, the Florida Legislature still hasn't submitted a budget to Gov. Ron DeSantis.