State tax revenues

The Texas economy is riding high and producing record tax revenue, but a trade war could reverse the trend, Texas Comptroller Glen Hegar said.

In a third special session this year, the Republican-led Legislature is considering new funding to prop up the budget signed by Democratic Gov. John Bel Edwards.

Only nine states reported making midyear budget cuts totaling $830 million this year compared to 22 states that cut $3.5 billion in 2017.

The record May tax revenues are a product of a strong economy and 2017 revenue legislation, said Ken Miller, the state treasurer.

John Bel Edwards also called a new special session in hopes of solving an impasse on priority spending.

Controller Betty Yee released her cash report for May.

Gov. John Bel Edwards objected to a spending plan that would impose cuts of more than 24% on most state agencies.

Illinois Gov. Bruce Rauner and lawmakers acknowledged much work remains to be done to put the state on sounder fiscal footing.

Gov. Bruce Rauner said he will sign the budget state lawmakers approved Thursday.

Gov. Jerry Brown unveiled budget proposals that bolster reserves and favor one-time costs.

Strong personal income tax revenues in California and Connecticut could be a harbinger for other states.

School districts and the Chicago Civic Federation slammed Gov. Bruce Rauner's budget plan Wednesday.

The flat state income tax rate is embedded in the state constitution.

Texas continued its record pace of sales tax growth in April.

Conning is holding firm to its declining outlook on states' credit quality, though S&P sees some rays of sunshine.

Gov. Kate Brown called a special legislative session to consider the proposal.

The payment of interest penalties lags as Illinois works to repay its mountain of bills.

Solving the state's pension crisis will require politically painful options for taxpayers and public employees.

Officials want to cast the state's fiscal health in a more positive light even as offering documents lay out a starker assessment.

Alaska's credit quality and the future of some existing and proposed bonding programs hang in the balance as lawmakers wind down the clock in Juneau.