Government ❯ Politics ❯ State Government ❯ Budgeting

Fiscal Policy

Colorado Budget Gap Exceeds $1.5 Billion as Forecast Split Derails Timeline

Lawmakers must choose a revenue forecast that will set the scale of cuts required to balance the budget under TABOR.

Walz Proposes Supplemental Budget With Social Media Tax, $370 Million Cuts, Family Tax Relief

Moody’s Turns NYC Outlook Negative as Comptroller Flags Deeper Gap in Mamdani Budget

Sherrill Proposes $60.7 Billion N.J. Budget, Trimming Senior Tax Relief and Tightening Corporate Rules

New York Legislature Backs Higher Taxes for NYC in One-House Budgets, Setting Up Clash With Hochul

Georgia Lawmakers Send Midyear Budget With One-Time Tax Relief to Governor Kemp

Pritzker Proposes Balanced FY2027 Illinois Budget Near $55–56 Billion, Targeting Social-Media Fee and Casino Tax Parity

NYC Budget Standoff: Mamdani Seeks Albany Tax Hikes or 9.5% Property Tax Increase

Andhra Pradesh Unveils Rs 3.32 Lakh Crore Budget With Wealth Fund Plan

Mamdani Seeks Albany OK for 2% Millionaires Tax as NYC Deficit Recalculated to $7 Billion

Whitmer Unveils $88.1 Billion Michigan Budget With Literacy Push and Medicaid Revenue Plan

Shapiro Unveils $53.2 Billion Pennsylvania Budget Using Reserves and New Revenue Plans

Healey Files $63.4 Billion FY27 Budget With MBTA Lifeline and MassHealth Limits

Hochul Unveils $260 Billion Budget Without Income-Tax Hike

Moore Unveils $70.8 Billion Maryland Budget to Close $1.4 Billion Gap Without New Taxes

Newsom’s $348.9 Billion Draft Budget Banks on AI-Linked Revenue as Analyst Flags Bigger Deficit Risk

Youngkin Unveils Final Virginia Budget With Tax Cuts, Teacher Bonuses

Minnesota Forecast Shows $2.45 Billion Surplus Now, Nearly $3 Billion Deficit Later

Cox Proposes $30.7 Billion Utah Budget With No Income Tax Cut

Maryland Budget Outlook Flips to $1.4–$1.5 Billion FY2027 Shortfall