State budgets

A medical personal directs a patient at a free Covid-19 testing site in Hayward, California, U.S., on Monday, March 23, 2020. Governor Newsom on March 19 ordered that all of the state’s 40 million residents go into home isolation while saying outdoor activity is permissible with proper social distancing. Photographer: David Paul Morris/Bloomberg
Michael Cohn
September 22, 2020 3:11 PM

At 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 Read
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By Shruti Date Singh and Amanda Albright
July 28, 2020 10:00 AM

The 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.

3 Min Read
Yvette Shields
June 30, 2020 5:26 PM

The deficits for the next two fiscal years remain unaddressed.

2 Min Read
June 22, 2020 5:29 PM

The governor largely agreed to abandon the steep cuts he proposed in his revised budget,.

3 Min Read
June 18, 2020 12:30 PM

California 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.

7 Min Read
June 15, 2020 2:29 PM

With about two weeks before the fiscal 2021 starts, the Florida Legislature still hasn't submitted a budget to Gov. Ron DeSantis.

3 Min Read
June 11, 2020 3:09 PM

The 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.

2 Min Read
Yvette Shields
June 4, 2020 4:18 PM

The 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.

7 Min Read
Paul Burton
June 3, 2020 12:22 PM

Comptroller Kevin Lembo forecast a $620 million fiscal 2020 deficit in his monthly update to Gov. Ned Lamont.

3 Min Read
June 2, 2020 10:33 AM

Sales tax collections fell 13.2% compared to the same month last year, the steepest decline since January 2010

2 Min Read