State budgets

As business and leisure travelers stay at home rather than risk infection, events small and large are cancelled, and business slows so sharply it shows that the longest U.S. economic expansion since the 1850s may finally hit the wall.

The stock market plunge amid the COVID-19 pandemic increases the risk of a revenue shock for California and other states that depend on capital gains taxes.

Gov. John Bel Edwards kicked off Louisiana's legislative session by asking lawmakers to share accurate details about the coronavirus with constituents.

In budget talks, House Speaker José Oliva says lawmakers will discuss how to prepare for a recession that may result from the economic impacts of COVID-19.

Less than six years after the last oil price collapse, producing states of the Southwest are facing another sharp drop and the prospect of recession.

S&P sees positives in Gov. J.B. Pritzker's proposed fiscal 2021 budget but they don't move the rating dial given a daunting bill backlog and pension strains.

State officials say fiscal 2020 revenues are on target and lay out fiscal 2021 prospects.

Despite economic headwinds, Texas' sale tax collections continued to grow at a record pace in February.

Janet Mills’ administration wants to add protection against potential federal Medicaid using newly projected state revenues.

The rating agency will await the legislature's passage of a final budget before casting a credit judgment.

The state's projected budget surplus was raised to $1.5 billion, but officials are cautious over risks of economic slowdown and the impact of COVID-19.

Wisconsin Gov. Evers said he remains open to an income tax cut but only if it's accompanied with more education funding and property tax relief

New York State Comptroller Tom DiNapoli credits a data-driven platform with salvaging billions in revenue.

The Democrat unveiled a $40.9 billion FY 2021 spending plan that again pushes for higher taxes on incomes above $1 million.

Maria Doulis of the Citizens Budget Commission and Howard Cure of Evercore Wealth Management examine how the state's Medicare cost crisis could affect the city's budget. They also discuss the MTA, public housing and property tax overhaul. Paul Burton hosts.

November's progressive income tax referendum looms large over Gov. J.B. Pritzker's proposed fiscal 2021 budget and the state's long-term fiscal prospects.

Kerns is currently deputy director at the Idaho Department of Labor in Boise, Idaho, and will assume her new position March 30.

A coalition of left-leaning lobbying groups are pushing new tax proposals that could raise $3.1 billion of new annual revenue ahead of Gov. Phil Murphy unveiling his annual fiscal plan.

House Speaker Tina Kotek agreed to slow momentum on the state's cap-and-trade bill to prevent a Republican walkout.

Gov. J.B. Pritzker unveiled a $42 billion general fund budget for fiscal 2020.