State budgets

S&P Global Ratings said balancing the state budget "will be met against a growing cloud of uncertainty” between the recession and COVID-19.

Texas suffered its worst sales tax plunge in 10 years as the pandemic began to grip the state's economy.

Speaker Nancy Pelosi said there could be three tranches of federal aid directed to state, county and municipal governments

Better technology can help enhance efficiency, analysts and civic leaders say.

According to the survey that Tom Kozlik prepared, more than 90% of 211 analysts and specialists found coronavirus the most compelling issue facing the public finance industry. Public pensions ranked second.

Illinois tentatively plans to sell $1.2 billion of certificates next week and $1 billion of bonds the following week.

William Glasgall of the Volcker Alliance explores deficits, budget cuts, rainy-day funds and borrowing options amid the COVID-19 pandemic. Paul Burton hosts.

Where and how residents buy their alcohol in the commonwealth's control state system has resurfaced as a budgetary, policy and public-health dynamic.

The Center on Budget and Policy Priorities said bankruptcy "could significantly raise states' cost of issuing bonds to pay for major transportation projects and other investments that boost the economy."

The state's tough budget position was underscored by an agreement with noteholders to extend a $750 million maturity while paying them higher interest.

In a voluntary market notice, Florida outlines its actions to address the public health crisis caused by COVID-19.

State Comptroller Thomas DiNapoli warns of multi-year budget hits from virus with more federal aid needed to fill the gaps.

Financial strains from COVID-19 were the primary factor in downgrading the state to A-minus from A. The outlook was revised to negative from stable.

The state doesn't expect any short-term borrowing to cover the current fiscal year, Gov. Ned Lamont said.

Sales taxes are a pillar of the Texas state budget, and the usually stable revenue source has taken a hit from the COVID-19 pandemic.

The $500 billion SMART Fund would be divided equally into thirds based on population, COVID-19 cases and state revenue losses.

Phil Murphy is developing an emergency borrowing plan to combat revenue loss amid the coronavirus pandemic.

Gov. J.B. Pritzker laid out revised revenue estimates for the fiscal 2020 and proposed 2021 budgets.

The pending deal with a Bank of America-led syndicate would enable the commonwealth to draw down needed finds while tax revenues are deferred.

Illinois has spent about $170 million on coronavirus-related expenses so far, and Gov. J.B. Pritzker said more information on the budget impact is coming.