Illinois may have more revenue in play as lawmakers finalize budget
Illinois lawmakers' research arm projects more revenue in the current budget year but warns budget writers to proceed with caution in the next.
Source: bondbuyer.com
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States OK despite weakening revenues: ratings agencies
With strong reserve levels, states will be able to weather a revenue shortage this year, analysts said.
Source: bondbuyer.com
New York City Council begins hearings on $102.7 billion fiscal 2024 budget
Mayor Eric Adams executive budget "will be released in just 51 days, giving us limited time to marshal the substantial resources we will need to stay balanced in fiscal 2023 and 2024," said OMB Director Jacques Jiha.
Source: bondbuyer.com
Murphy's New Jersey budget plan would beef up reserves, pay down debt
Gov. Phil Murphy's proposal doesn't include new major programs or initiatives but addresses long-term liabilities and reserves ahead of a potential recession.
Source: bondbuyer.com
Illinois rainy-day legislation advances
The state's once-depleted rainy-day fund that's now on track to hit nearly $2 billion this year would receive automatic deposits when two financial metrics are hit under pending legislation.
Source: bondbuyer.com