Latest Government budgets News

Michigan Democrats pass over $1 billion in spending

Jan. 27, 2023 16:11 PM EST

LANSING, Mich. (AP) — The Michigan Legislature will set aside $200 million out of about $1 billion in spending for a paper mill in the Upper Peninsula, while also setting aside more money for the state's economic development fund. The legislation, which was passed late Thursday...

DeWine to focus State of the State on budget priorities

Jan. 25, 2023 16:55 PM EST

COLUMBUS, Ohio (AP) — Ohio’s Republican governor said Wednesday that his 2023 State of the State address will focus on his budget priorities for the next two years. Gov. Mike DeWine will deliver the speech to a joint legislative session at noon Tuesday. It will mark the first...

Wisconsin's estimated budget surplus tops $7 billion

Jan. 25, 2023 15:39 PM EST

MADISON, Wis. (AP) — Wisconsin's projected state budget surplus is forecast to reach $7.1 billion by July, up more than half a billion dollars from the previous estimate just two months ago, the nonpartisan Legislative Fiscal Bureau reported Wednesday. It is the largest budget...

Governor hawks tax cuts, increased school funding in address

Jan. 25, 2023 12:41 PM EST

LINCOLN, Neb. (AP) — Nebraska Gov. Jim Pillen delivered his first State of the State address in the state Capitol on Wednesday, spelling out plans to drastically cut taxes while increasing funding to state schools. “What we do with the people’s money this session is critical...

Walz proposes tax credit checks for 2.5M Minnesota families

Jan. 24, 2023 18:40 PM EST

ST. PAUL, Minn. (AP) — Millions of Minnesota families would get checks totaling as much as $2,600 from the state's huge surplus under the budget plan that Gov. Tim Walz announced Tuesday, saying it would give residents the largest package of tax cuts in state history. The direct...

Walz proposes $300M to aid Minnesota public safety agencies

Jan. 23, 2023 18:18 PM EST

ROSEVILLE, Minn., (AP) — Minnesota Gov. Tim Walz rolled out more pieces of his budget Monday, calling for $300 million to support public safety agencies across the state, over $1 billion to expand affordable housing, and allowing more residents to buy into the MinnesotaCare health plan for the...

Newsom budget would cut some money for flood protection

Jan. 22, 2023 10:47 AM EST

SACRAMENTO, Calif. (AP) — Multiple flood protection projects in California are on hold after Gov. Gavin Newsom proposed cutting their funding to help cover a $22.5 billion budget deficit — a decision disappointing environmental advocates as weeks of powerful storms have caused widespread...

Gov. Moore releases $63 billion Maryland budget plan

Jan. 20, 2023 16:15 PM EST

Maryland Gov. Wes Moore released his $63 billion budget plan for the state Friday, outlining education and transportation as priorities amid a large budget surplus while maintaining an ample Rainy Day Fund to be prepared for an economic downturn. Moore, a Democrat, described his...

North Korea sustains high defense spending with new budget

Jan. 19, 2023 05:06 AM EST

SEOUL, South Korea (AP) — North Korea’s rubber-stamp parliament has passed a budget that sustains a high level of defense spending despite the countrys' economic troubles as leader Kim Jong Un pushes for an aggressive expansion of his nuclear arsenal. State media reports...

Walz's $12B, 4-year education budget includes tax credits

Jan. 17, 2023 18:22 PM EST

ST. PAUL, Minn. (AP) — Gov. Tim Walz unveiled a $12 billion, four-year education budget Tuesday that includes big tax credits for families with young children as well as more money for public schools across the state. The Democratic governor went to Adams Spanish Immersion...