Page 14 - State Budgets News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Russia has doubled its defence budget for 2023, with its military spending now accounting for a third of all government outlay amid the war in Ukraine.

The report found Wisconsin's latest two-year state budget signed into law by Gov. Tony Evers earlier this month raised spending while slashing taxes and preserving rainy day funds.

At $71.5 billion, the two-year state budget that took effect July 1 marks the largest increase in government spending in modern Minnesota history. The roughly 37 percent jump in spending is driven largely by the historic $17.5 billion budget surplus lawmakers had on the books when the year began. And some of it is one-time spending, with the general fund expected to drop to around $65.2 ...

States and local governments should prepare for fewer federal funds, higher borrowing costs and market volatility as a result of turmoil in Washington.

If approved by the local governing bodies, Milwaukee could raise nearly $180 million more annually from the new sales tax and the county $80 million from a hike, according to estimates.