State budgets

Gavin Newsom's budget arrived in the same week BlackRock's CEO advised that climate change is reshaping the financial system.

Eric Holcomb pushed a similar early payment last year when he announced the use of $150 million of reserves to pay off a pension liability.

The New Jersey governor is continuing his push for a tax on incomes above a million dollars after lawmakers rebuffed him during his first two years in office.

For the next fiscal year, which begins Oct. 1 , the general fund is projected to have $235 million more than estimates made last May, bringing the total to $11.2 billion.

The state would boost spending on education under proposals from the governor and the legislature, both led by Democrats.

Gov. Andrew Cuomo’s warnings that cities could absorb more Medicaid costs have triggered uncertainty about the city's budget.

Gavin Newsom's proposed budget would support a $4.7 billion climate bond, create the state's own generic drug plan and add undocumented seniors to Medi-Cal.

Oklahoma saw its economy steadily slowing through 2019, according to Treasurer Randy McDaniel.

New York's governor opposes efforts to solve the state’s multibillion-dollar budget gap through tax increases.

Laura Lightbody and Colin Foard of Pew Charitable Trusts discuss how states and cities can fund resilience measures. Paul Burton hosts.

Texas closed out a record year of sales tax collections with a strong kick in December, state Comptroller Glenn Hegar said.

Analysts expect Tuesday's $325 million competitive pricing will garner strong demand from investors seeking higher yields.

Deborah Goldberg succeeds Utah State Treasurer David Damschen as president of the National Association of State Treasurers.

The authority approaches next week’s planned $2.5 billion of issuance buoyed by clearance of its five year, $51.5 billion capital program.

The state's budget and rating momentum may hinge on economic growth, which has not presented a pretty picture.

State government issuers are expected to sell $4.68 billion of new money bonds in fiscal 2020, a 6.5% increase, according to the Texas Bond Review Board.

Funding for resilience is a challenge for municipal issuers, including many in a budget squeeze.

The better than expected forecast has added fuel to the debate between Republicans and Democrats over how to use the extra money.

Opponents to the under-the-radar provision say its harshness could impede the execution of the MTA's new capital program by deterring contractors.

State Treasurer John Schroder said he will go to court to stop Louisiana’s state government from spending the money.