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Budget Surplus

Pullman & Comley - School Law

Good News for Connecticut School Boards: Expanded Rights Regarding Unspent Budget Monies and Reserve Funds

The 2024 Regular Session of the Connecticut General Assembly just concluded on May 8, 2024. As we have consistently done every year, our firm will be publishing in these pages our annual summaries of legislation affecting...more

Brownstein Hyatt Farber Schreck

Taxation & Representation, Feb. 15, 2022

TAX TIDBIT - Race to Replace Brady: New Challenger. Rep. Jason Smith (R-MO) is the latest Republican seeking to replace the retiring House Ways and Means Committee ranking member and former chair, Kevin Brady (R-TX), as...more

Stinson LLP

2022 Minnesota Legislature Convenes: Historic Budget Surplus Looms

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Unprecedented. - That is how political observers, politicians and media pundits are describing what is in front of the Minnesota legislature and DFL Governor Tim Walz as the legislature sets to convene next Monday,...more

Stinson LLP

2020 Minnesota Legislature Convenes, Bonding will be Top Priority

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With the November 2020 general election on the horizon, the 2020 Minnesota Legislature got to work this week....more

Faegre Drinker Biddle & Reath LLP

Minnesota Legislative Update: November Economic Budget Forecast Projects Surplus

Minnesota Management and Budget (MMB) released its November Economic Budget Forecast on December 5, 2019. This forecast shows an improved economic outlook compared to the end of the 2019 legislative session and projects an...more

Stinson LLP

New Budget Numbers and Legislative Changes Close Out 2019

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Strong State Budget Forecast Released - Heading into the 2020 general election, the Minnesota Department of Management and Budget announced today the state budget forecast shows a surprisingly strong surplus of...more

Stinson LLP

Minnesota Projects $1 Billion Surplus

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$492 Million Drop for November Forecast Yesterday, Minnesota Management and Budget (MMB) released their February budget forecast, showing a lower budget surplus than was previously estimated. ...more

Steptoe & Johnson PLLC

West Virginia Legislative Brief: Commentary from Gil White - January 2019

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...Today marks the completion of the first full week of the 2019 Regular Legislative Session. As Legislators begin this session, they find themselves on better financial footing than in years past. In 2017, there was a $217...more

Faegre Drinker Biddle & Reath LLP

Minnesota Legislative Update: 2019 Legislative Session Preview

On Tuesday, January 8, the Minnesota Legislature reconvenes for its 91st biennial session. There is hope for a fresh start after last year’s contentious session where the House Republican majority clashed frequently with...more

Bradley Arant Boult Cummings LLP

Surging Economy Boosts Alabama 2018 General Fund and ETF Revenues - SALT Alert: Alabama Edition

On October 29, the well-respected Public Affairs Research Council of Alabama (PARCA), headquartered at Samford University, issued a useful report finding Alabama’s “booming economy” had generated substantially increased tax...more

Holland & Hart LLP

Utah Legislative Update - October 2018

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The Election After the Election: While many are closely watching the mid-term elections looking for a “Blue Wave” or tracking the outcome of Utah’s Medical Marijuana ballot initiative, I’m more interested in the...more

Faegre Drinker Biddle & Reath LLP

Minnesota Legislative Update: Two Steps Back

When the Minnesota Legislature convened in February, the state had just announced a modest budget surplus. Lawmakers and Governor Mark Dayton were optimistic that they could reach agreement on a capital investment bill, a tax...more

Pierce Atwood LLP

Under The Dome: Inside The Maine State House

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Revenue Forecasting Committee Projects $141 Million Surplus - The Revenue Forecasting Committee (RFC) presented a briefing to the Appropriations and Financial Affairs (AFA) Committee on Tuesday, March 6, 2018. The RFC has...more

Pierce Atwood LLP

Under the Dome: Inside the Maine State House

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Legislative Load Increases to 412 Bills for Second Regular Session - The ten-member Legislative Council met on Thursday, November 30 at the State House to consider appealed bill requests for introduction in the Second...more

Pierce Atwood LLP

Under the Dome: Inside the Maine State House

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Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. Legislature Met on July 20 to Consider Bond Bills, Items from Special Appropriations Table - After...more

Faegre Drinker Biddle & Reath LLP

Minnesota Weekly Legislative Update: Recess Ends, Budget Negotiations Begin

The Minnesota Legislature returned from its break Tuesday, April 18 with five weeks to complete their work before May 22, the constitutionally mandated adjournment date. Most of the week was spent appointing conferees for...more

Faegre Drinker Biddle & Reath LLP

Minnesota Weekly Legislative Update: Budget Surplus and Sunday Alcohol Sales

With the first committee deadline rapidly approaching, policy committees worked overtime this week processing bills. There was also House floor action on two higher profile issues the Legislature is addressing this session:...more

Faegre Drinker Biddle & Reath LLP

Minnesota Weekly Legislative Update: 2017 Legislative Session Preview

On January 3, 2017, not only will the 90th session of the Minnesota Legislature convene, but the Minnesota Capitol building will once again be open to the public after undergoing a three-year, $272 million comprehensive...more

Stinson LLP

The 2017 Minnesota Legislature: What to Expect

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The November general election obviously represents a sea change in how business will be conducted at the Minnesota state capitol when legislators return to work on January 3, 2017. House Republicans will enjoy a comfortable...more

Pierce Atwood LLP

Under the Dome: Inside the Maine State House

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Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. Maine Sees Higher Budget Surplus Than Expected - On June 30, 2016, Maine’s fiscal year ended...more

Winthrop & Weinstine, P.A.

End of the Line-Almost….

In the waning days of the 2016 session, Gov. Mark Dayton and top lawmakers still haven’t reached agreements on the biggest outstanding issues. ...more

Stinson LLP

Surprise! Minnesota Budget Forecast Delivers Bad News

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Just a few days before the beginning of the 2016 legislative session, legislative leaders received some unexpected bad news: A previously healthy $1.2 billion budget surplus projection had dropped by $300 million to $900...more

Pierce Atwood LLP

Under the Dome: Inside the Maine State House

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Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. Debate Begins Over Spending or Saving Projected Surplus - This week, the Maine Revenue...more

Stinson LLP

Minnesota Legislature Gears Up for March 8 Start

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Retirements, an election year and economic forecasts will shape legislative session - Anticipation is growing for the March 8 start to the 2016 legislative session. This year there is an election looming and all 201...more

Winthrop & Weinstine, P.A.

Minnesota has Budget Surplus

Minnesota Management and Budget (MMB) announced that the FY 16-17 budget has a $1.871 billion surplus. The bulk of this $1.871 billion surplus comes from $682 million carried over from the FY 14-15 biennium and $865 million...more

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