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Michigan avoided deep cuts for fiscal 2021 but is still lobbying for federal relief to make up for coronavirus-driven tax losses as a fiscal 2022 gap looms.
September 25 -
Analysts warn that borrowing planned in a revised New Jersey budget will result in lasting fiscal distress as it pays back the debt.
September 23 -
S&P issued a bulletin Monday warning that pressure is mounting on Illinois' BBB-minus rating —the lowest investment grade — as federal relief remains stalled.
September 21 -
The deal struck by Gov. Phil Murphy to increase marginal rates on income over $1 million is not expected to make a material difference to the state deficit.
September 18 -
Duane McAllister and Lyle Fitterer of Baird talk with Chip Barnett about low rates and credit quality. They discuss the best scenarios for investors and issuers in these challenging times. (20 minutes)
September 17 -
A proposed financial transaction tax in aimed at bolstering tax revenues could cost the state Wall Street business, analysts warn.
September 16 -
The governors in Oregon and California point out that climate change has exacerbated the conditions that start and accelerate wildfires.
September 15 -
Former New Jersey Department of Treasury senior staffer Bobby Rand explains why he thinks Gov. Phil Murphy’s $4 billion borrowing proposal to offset lost revenues caused by the COVID-19 pandemic will exacerbate the state’s fiscal woes. Andrew Coen hosts. (29 minutes).
September 15 -
In a long-range revenue forecast, a state economist told lawmakers that it could take two or three years for Florida’s hard-hit tourism industry to recover.
September 14 -
Gov. Gina Raimondo and top lawmakers want a clearer picture from Washington over coronavirus relief aid.
September 14