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The $40 billion budget for fiscal 2021 authorizes up to $5 billion of borrowing through the Federal Reserve’s Municipal Liquidity Facility.
May 26 -
With postponing expenditures and the rainy-day fund withdrawal, the state still forecasts a yearend surplus.
May 26 -
Red tape and the need for more funding has slowed the process, according to the NLC.
May 22 -
Groups want action before municipalities have to approve their budgets.
May 21 -
With the status of federal relief uncertain, Illinois may ask lawmakers for approval to borrow as much as $4.5B through the Fed's MLF to deal with a coronavirus pandemic tax hit in fiscal 2021.
May 20 -
As Gov. Charlie Baker reopens the state, a taxpayer group paints a dire revenue picture.
May 20 -
New Mexico is expected to face sizable structural deficits because of declining oil and gas prices and production, the rating agency said.
May 19 -
State lawmakers passed a continuing resolution, and expect to return to Columbia in September to complete work on a budget for fiscal 2021, which begins July 1.
May 19 -
The plans include personal income tax notes and a line of credit with a consortium of banks.
May 18 -
The state is facing an immediate $3.2 billion budget hole for the current fiscal year, with revenue estimates cut more than $5 billion for the next two.
May 18