Latest Government budgets News

Arizona lawmakers pass budget closing $1.4 billion deficit

Jun. 16, 2024 11:22 AM EDT

PHOENIX (AP) — Arizona lawmakers approved a bipartisan budget deal Saturday that erases a $1.4 billion shortfall by curbing spending on higher education, trimming funding for state agencies and raiding a host of special funds. The spending plan is the result of weeks of...

Rhode Island lawmakers approve $13.9 billion budget plan, slew of other bills

Jun. 14, 2024 15:34 PM EDT

Rhode Island lawmakers gave final approval to a proposed $13.9 billion state budget plan early Friday that includes additional funding for education and a $120 million bond to expand affordable housing. The budget was among a slew of bills approved by lawmakers in the final days of...

Kansas governor and GOP leaders say they have a deal on tax cuts to end 2 years of stalemate

Jun. 14, 2024 14:51 PM EDT

TOPEKA, Kan. (AP) — Kansas’ Democratic governor and top Republican lawmakers say they have an agreement on a package of broad tax cuts, potentially ending a two-year political standoff that has prevented their state from following others in making big reductions. The deal...

Canada's defense investment plans put it on track to meet NATO guideline, minister says

Jun. 14, 2024 11:06 AM EDT

BRUSSELS (AP) — Canada looks on track to meet NATO’s military spending guideline by the end of the decade, Defense Minister Bill Blair said Friday, notably by boosting investment in the Arctic near its shared border with Russia as the region warms quickly because of climate change. ...

California Legislature rejects many of Gov. Gavin Newsom's budget cuts as negotiations continue

Jun. 13, 2024 18:53 PM EDT

SACRAMENTO, Calif. (AP) — The California Legislature on Thursday rejected many of Gov. Gavin Newsom's most difficult budget cuts, choosing instead to speed-up a temporary tax increase on some businesses to help address an estimated $45 billion deficit while preserving spending on many social...

NC Senate threatens to end budget talks over spending dispute with House

Jun. 12, 2024 23:10 PM EDT

RALEIGH. N.C. (AP) — The North Carolina Senate's top leader said Wednesday that chamber Republicans are prepared to walk away from budget negotiations if the House remains unwilling to give way and lower its preferred spending levels. With private budget talks between GOP...

Florida's DeSantis cuts $1B to bring state budget to $116.5B, slightly less than the current plan

Jun. 12, 2024 18:29 PM EDT

TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis spent more than an hour talking about what is in the $116.5 billion budget he signed Wednesday, but he left out the most important part of the announcement: What was in the nearly $1 billion he vetoed. Overall, the state spending...

Pakistan’s new government presents its first budget as it seeks a new long-term IMF bailout

Jun. 12, 2024 12:39 PM EDT

ISLAMABAD (AP) — Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax collection target while talks with the International Monetary Fund about a new...

With 1 out of 3 Californians on Medicaid, doctors push ballot measure to force state to pay more

Jun. 12, 2024 00:20 AM EDT

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom last year agreed to a tax increase that aimed to do two things: Help balance a budget with a multibillion-dollar shortfall, and pay doctors more money to treat patients covered by Medicaid — the taxpayer-funded health insurance program for...

With spending talks idling, North Carolina House to advance its own budget proposal

Jun. 11, 2024 20:39 PM EDT

RALEIGH, N.C. (AP) — While spending talks idle between Republicans in the North Carolina General Assembly, the House is rolling out its own proposed budget adjustments for the coming year, and plans to vote on them next week, Speaker Tim Moore said Tuesday. House and Senate GOP...