SamTrans is trying to shore up a projected deficit, which has been exacerbated by lower sales tax revenue and an unfavorable economy. The agency’s projected structural shortfall is not as severe as ...

Last weekend the state enacted a $55.2 billion General Fund budget for its upcoming 2026 fiscal year. A sizable chunk of that budget, $16 billion, covers mandatory spending obligations required to be ...

Gov.-elect Mikie Sherrill prepares her first New Jersey budget, inheriting a $58.8B plan, structural deficit and pressure to avoid new taxes.

California-s faced with massive deficits, but it-s required to have a balanced budget. Governor Schwarzenegger has sworn he won-t raise taxes, which means spending has to be cut. Though its outlines ...

When Gov. Gavin Newsom and legislative leaders were drafting a more-or-less final 2025-26 state budget last month, they were closing what they described as a $12 billion deficit, a number that the ...

Legislative leaders would have us believe that the 2025-26 budget agreement they forged with Gov. Gavin Newsom this week is a noteworthy — even heroic — response to financial problems caused by ...

Revenues, expenditures, structural deficits, oh my! Pennsylvania’s Independent Fiscal Office released an updated fiscal outlook for the state, based around the new budget passed on November 12th. When ...