Latest State budgets News

Puerto Rico board approves budget as legislators quibble

Jul. 01, 2022 13:31 PM EDT

SAN JUAN, Puerto Rico (AP) — The federal control board that oversees the finances of Puerto Rico’s government approved a $12.4 billion general fund budget Thursday for the U.S. territory after legislators failed to approve one amid intense bickering. The board’s version of the...

Pennsylvania heads into fiscal year without budget in place

Jul. 01, 2022 12:57 PM EDT

HARRISBURG, Pa. (AP) — Work on a new state budget for Pennsylvania will plow through the weekend and into next week as the state government started the fiscal year Friday with diminished spending authority and details of a new spending plan still largely a secret. Top lawmakers...

Michigan lawmakers OK budget but can't get deal on tax cuts

Jul. 01, 2022 11:39 AM EDT

LANSING, Mich. (AP) — Michigan lawmakers approved a state budget early Friday that increases money for education but delayed a decision on how to cut taxes, unable to yet bridge disagreement between Gov. Gretchen Whitmer and Republican legislative leaders. Michigan is flush thanks...

Pennsylvania to begin fiscal year without a budget

Jun. 30, 2022 21:27 PM EDT

HARRISBURG, Pa. (AP) — Pennsylvania's new fiscal year will begin without a state budget in place, as Gov. Tom Wolf’s administration and top Republican lawmakers haltingly worked through Thursday's deadline to hammer out a roughly $42 billion spending plan whose details were still largely being...

Parson signs $48B Missouri budget, cuts tax refund program

Jun. 30, 2022 19:51 PM EDT

COLUMBIA, Mo. (AP) — Missouri Gov. Mike Parson on Thursday approved most of a roughly $48 billion state budget while cutting $500 million lawmakers had set aside for tax refunds. The budget outlines spending on state programs and services for the upcoming fiscal year, which begins...

NC legislature advances budget agreement closer to governor

Jun. 30, 2022 19:12 PM EDT

RALEIGH, N.C. (AP) — North Carolina's Republican-controlled legislature advanced its proposed state budget adjustments in bipartisan fashion Thursday, each chamber voting separately by comfortable margins for a plan that would spend or salt away billions more without added tax cuts. ...

Illinois grocery tax suspended for year starting Friday

Jun. 30, 2022 18:39 PM EDT

CHICAGO (AP) — The sales tax on groceries in Illinois will be suspended for a year starting Friday, under the state budget approved in April. The state’s tax relief program will also postpone a gas tax increase until January, and cut school supply taxes from 6.25% to 1.25% from...

Connecticut abortion law, tax changes to take effect Friday

Jun. 30, 2022 16:37 PM EDT

HARTFORD, Conn. (AP) — Connecticut's first major abortion-related legislation in years, which aims to legally protect providers and patients from other states’ bans on the procedure, will take effect Friday. The legislation was passed by the Connecticut General Assembly in late...

Murphy signs $50.6 billion budget with property tax relief

Jun. 30, 2022 14:55 PM EDT

CRANFORD, N.J. (AP) — Touting Democrats' stewardship of the state and warning of a potential downturn in the economy in the coming years, New Jersey Democratic Gov. Phil Murphy signed a record $50.6 billion budget that pours $2 billion into property tax relief, sets a record surplus and lifts...

Mississippi new laws: Tax cut, teacher pay raise, state song

Jun. 30, 2022 10:18 AM EDT

JACKSON, Miss. (AP) — Several new laws take effect in Mississippi on Friday, which is also the first day of the new state budget year. TEACHER PAY In the new budget year, teachers will receive raises that average about $5,100, and assistant teachers will receive...