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With $3.6 billion less than expected in revenues, the governor proposed using part of the commonwealth's rainy-day fund, leaving $2.2 billion for future shortages.
October 15 -
New Jersey and Nevada were the only states to exhaust their reserves in the early months of the COVID-19 pandemic.
October 13 -
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Low oil prices and the pandemic slowed the Lone Star State's revenue stream.
October 7 -
The state's financial downturn shows signs of improvement, treasurer says.
October 6 -
Gov. Gretchen Whitmer signed a $63B fiscal 2021 budget into law last week that Moody's views as a credit positive for local governments.
October 5 -
A U.S. Supreme Court ruling that affirmed the existence of Indian reservations across the eastern half of the state will mean lost tax revenue, officials said.
October 5 -
New York State’s first credit downgrade in 17 years is a warning that fiscal changes will be necessary to combat its coronavirus-induced budget crisis, according to observers.
October 2 -
New Jersey's $32.7 billion budget for its shortened nine-month fiscal 2021 includes the state's largest reserve levels in more than a decade as a backstop for revenue hits that may result from a possible second wave of coronavirus.
September 29 -
Even with revised estimates amid the pandemic, year-over-year revenue collections in Florida were down 4.6% in August compared with 2019.
September 28