State Budgets

News & Analysis as of

Weekly Update from the NC State House - July 2014: As budget hostility between the chambers seemingly settled down Wednesday...

This Week - As budget hostility between the chambers seemingly settled down Wednesday afternoon, the eerie end-of-session feeling began to loom the halls of the General Assembly. Earlier in the week, Senate Pro-Tem...more

The Lay of the Land – July 2014

While the governor has the general appropriations bill on his desk and is considering his options for signature or veto, the General Assembly is still working out the details on this year’s Fiscal Code bill. The Fiscal Code,...more

Governor Corbett’s Next Move

We have a state budget – sort of. Just a few hours shy of the last night’s midnight deadline, the Senate passed a 2014-2015 state spending plan (House Bill 2038) by a vote of 26-24. The bill was then debated in the House,...more

CTC Meeting Brings Good News for Transportation Projects Around the State

As reported in Caltrans District 11's press release, there is much good news coming out of California Transportation Commission's meeting last week. First, thanks to a new state budget that increased transportation funding...more

From Second and State: Week of June 30 – July 4, 2014

This may be a “Week Ahead” edition, but it is really all about the hours leading up until midnight tonight. The back and forth of budget negotiations over the weekend have turned the corner into the final hours before the...more

State Government Shut Down Looming on July 1st? Nah.

Most of you are aware that the fiscal year for states runs July1st to June 30th. Our prediction here in NC is that next Monday will become next Tuesday with no new budget. Will this lead to a state government shutdown? It...more

Interesting Alliances, or not, in State Budget Negotiations

Last week the House, in close collaboration with the Governor's Office, rolled out a "mini budget" bill that addressed some of the larger chunks of state spending and softened the House approach somewhat. The Senate balked,...more

72 Hours to Spend Billions of Dollars

The June 30th budget deadline is just over 72 hours away. It might seem that three days isn’t very much time to get a majority of the 203 member House and the 50 member Senate to agree on a nearly $30 billion spending plan....more

Budget Buzz

With only a few days left until the end of the commonwealth’s fiscal year, all eyes in Harrisburg are on the state’s yet-to-be-enacted 2014-2015 spending plan. This week, the House of Representatives sent the budget vehicle,...more

From Second and State: The Week Ahead – June 23-27, 2014

We’ve turned the corner of the final 10 days before the June 30 budget deadline, so you can expect us to be full throttle between now and then – then meaning whenever the budget is completed. This week, it became clear in...more

From Second and State: Capitol Wrap

House and Senate members were told this week to not make any plans for the first part of July as the leaders and the governor continue to work on a budget deal. This week, Gov. Tom Corbett’s spokesperson Jay Pagni told the...more

Governor Isn’t Ruling Out Severance Tax; Budget Bill Introduced in Senate

It might not seem like a lot is happening outwardly to advance the budget right now, but the ball is slowly rolling in both Chambers to tee up the vehicles needed once the negotiations between the governor and the legislature...more

South Carolina Legislative/Election Update

This issue includes information regarding Governor Haley’s budget vetoes, various news items, results from this week’s primary, and meetings scheduled for next week. The General Assembly will return on June 17, 2014, to...more

From Second and State: The Week Ahead – June 16-20, 2014

The House and Senate will be back in session Monday, June 16 at 1:00 p.m. As June – otherwise dubbed “budget month” – ticks away, both chambers have four session days scheduled next week, and the House Appropriations...more

Weekly Update from the NC State House - June 2014: Following the GOP state convention this past weekend, House members returned to...

House Budget - Following the GOP state convention this past weekend, House members returned to Raleigh Tuesday to continue the budget process. House leadership held a press conference Tuesday morning to unveil their...more

From Second and State: Capitol Wrap – Week of June 9

While budget negotiations continue to take center stage this month, some state legislators elsewhere throughout the Capitol are making moves to change the size of state government and the rules by which elected officials and...more

South Carolina Legislative Update

In the final regular week of work for the 120th legislative session, the General Assembly set to work through a statewide ban on texting while driving and ethic reforms – in addition to agreeing to a $24 billion budget for...more

South Carolina Legislative Update

Rare SC Budget deal in the works H. 4701 - While S.C. lawmakers are working on a budget compromise that includes little new money for the state’s crumbling roads next year, state senators are debating a plan to spend...more

Weekly Wrap Up

Promises kept: we're starting to see the General Assembly narrow its focus as they promised before this Short Session convened in May. House and Senate calendars are stacked with similar bills including committee work and...more

Weekly Update from the NC State House - June 2014: After giving its final approval to their version of the state budget just after...

Conflicting Budgets - After giving its final approval to their version of the state budget just after midnight Saturday morning, the Senate took a long weekend, not returning to Raleigh until Wednesday. The budget...more

Weekly Wrap

A super-busy week in Raleigh - HB 1050 - Omnibus Tax Changes was signed by the Governor after the House concurred in the Senate changes. It is now Session Law 2014-3...more

The Senate Budget

This week the Senate unveiled its $21.2 billion spending plan. We expect a vote late Friday after a robust debate and plenty of amendments....more

OUCH! Do PA Revenue Shortfalls Foretell PA Tax Increases?

After April General Fund revenues painfully fell short of April 2013 revenues, and well short of the official revenue forecast, Pennsylvania’s year-to-date General Fund shortfall now exceeds $400 million and is forecast to...more

Pennsylvania Tax Developments - A Reed Smith Quarterly Update: May 2014

This is a brief update on recent Pennsylvania tax developments. For more information on any of these developments, contact one of the authors or the Reed Smith State Tax attorney with whom you usually work....more

South Carolina Legislative Update

House votes to OK solar; energy supporters call vote historic, S. 1189 - South Carolina took what is considered a historic step this week to change the state’s longtime resistance to solar power. The state House of...more

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