Page 8 - State Budgets News Today

Weekday ridership on the farebox-dependent regional transit system is below 40% of pre-pandemic levels. Some lawmakers are pushing a state transit rescue package.

"We are delivering the largest cut to Connecticut's income tax rates in state history," Gov. Ned Lamont said.

Cook County, local governments, transit agencies, and the education and hospital sectors all benefit from bills passed by Illinois lawmakers.

The state Senate passed a $56 billion budget that included provision for middle-class tax cuts and credits similar to those Gov. Maura Healey has been seeking.

The state has begun a $1 billion effort to confront a mental health crisis exacerbated by the isolation of the COVID-19 pandemic in the biggest transformation in mental health care since massive psychiatric hospitals were shuttered in the 1970s.

An analysis of the State Budgets conducted by the Industry body PHDCCI indicates that the states have majorly focused on health, education, farmer welfare, child nourishment, employment creation and youth skills in their respective budgets for FY2023

"It's positive to see the proposed budget relies on fairly conservative revenue assumptions and provides additional funding for pensions and education," Molly Shellhorn, senior research analyst for municipals at Nuveen said.

About 40 journalists in the North Central geopolitical zone of Nigeria have been selected to undergo a three-day training

With a healthy surplus built over several years, the state adopted a series of tax relief measures. Those actions, along with robust growth in fiscal 2022 that triggered an automatic tax cut, are driving revenue projections lower.

Panelists at the National Federation of Municipal Analysts discussed their experiences dealing with resiliency in the face of budgetary and environmental problems.