Latest Government budgets News

Arizona governor signs budget into law after fierce negotiations to make up a massive shortfall

Jun. 18, 2024 20:58 PM EDT

PHOENIX (AP) — Arizona Gov. Katie Hobbs signed a series of fiercely negotiated budget bills into law on Tuesday, erasing a shortfall of over $1 billion by cutting back on higher education, trimming funding for state agencies and raiding some special funds. An agreement on the...

Florida medical marijuana patients get an unexpected email praising DeSantis

Jun. 18, 2024 18:29 PM EDT

TALLAHASSEE, Fla. (AP) — Florida has more than 700,000 medical marijuana patients and Republican Gov. Ron DeSantis — who is battling a proposal to allow recreational use of marijuana — wants them all to know what a great job he's doing. The Department of Health last week sent a...

North Carolina House seeks higher worker pay, child care and voucher money in budget bill

Jun. 18, 2024 18:04 PM EDT

RALEIGH, N.C. (AP) — North Carolina teachers and state employees would receive higher salary bumps than are currently planned, while child care providers could access some financial aid as federal assistance ends in a state budget measure advanced Tuesday by House Republicans. They...

Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion

Jun. 18, 2024 17:19 PM EDT

WASHINGTON (AP) — The Congressional Budget Office said Tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in February. The major drivers of the change include: higher costs from the...

Arkansas lawmakers advance tax-cut bills and try to stave off shutdown of hunting, fishing agency

Jun. 17, 2024 17:49 PM EDT

LITTLE ROCK, Ark. (AP) — Arkansas lawmakers on Monday advanced income and property tax cuts and a compromise proposal to avoid a shutdown of the state's hunting and fishing programs. Lawmakers moved quickly on the main agenda items for the special session Republican Gov. Sarah...

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...