2 Min ReadBond yields are shooting up for the second time in as many months. Federal Reserve Gov. Christopher Waller attributes the volatility to concerns about rising national debt levels.
3 Min ReadAt least 39 states did not have enough money to pay all of their bills at the end of 2019, leaving them ill-prepared to shoulder the costs of the novel coronavirus pandemic, according to a new report.
3 Min ReadAs more consumers do business online, some deposits are being unfairly categorized as brokered, inviting burdensome regulatory scrutiny.
3 Min ReadThe economic stimulus plan released by Senate Republicans offers no new money for states and cities to cope with swelling budget shortfalls, leaving them to contend with a grave financial crisis that’s already forcing them to slash spending, furlough workers and delay projects as tax revenue disappears.
2 Min ReadThe deficits for the next two fiscal years remain unaddressed.
3 Min ReadThe governor largely agreed to abandon the steep cuts he proposed in his revised budget,.
7 Min ReadCalifornia 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.
3 Min ReadWith about two weeks before the fiscal 2021 starts, the Florida Legislature still hasn't submitted a budget to Gov. Ron DeSantis.
2 Min ReadThe Volunteer State reported a nearly 16% decline in revenues in April, much of which was due to stay-at-home orders and delayed tax filings.
7 Min ReadThe state's ratings, just one rung above junk, are holding steady after analysts' initial review of a fiscal 2021 budget that pins hopes on future federal relief.
3 Min ReadComptroller Kevin Lembo forecast a $620 million fiscal 2020 deficit in his monthly update to Gov. Ned Lamont.
2 Min ReadSales tax collections fell 13.2% compared to the same month last year, the steepest decline since January 2010
2 Min ReadMaine is planning a $119.4 million bond sale this week to improve roads, broadband, senior housing and public colleges.
3 Min ReadAs state finances across America are upended by the coronavirus, almost all of them face the same, self-imposed, problem: how to balance their budgets.
2 Min ReadState lawmakers passed a continuing resolution, and expect to return to Columbia in September to complete work on a budget for fiscal 2021, which begins July 1.
4 Min ReadThe head of the U.S. central bank said its emergency credit programs were not designed to prop businesses up over the long term.
2 Min ReadKate Brown also joined with the other governors and officials of the western states to urge Congress and the Trump administration to approve $1 trillion in aid.
2 Min ReadFinancial damage from the COVID-19 pandemic forced New Jersey Gov. Phil Murphy to retreat from plans to build up the state’s reserves.
3 Min ReadS&P Global Ratings said balancing the state budget "will be met against a growing cloud of uncertainty” between the recession and COVID-19.
4 Min ReadIllinois tentatively plans to sell $1.2 billion of certificates next week and $1 billion of bonds the following week.
