State Budgets

News & Analysis as of

Minnesota FY16-17 Budget Forecast Released

The biennial budget forecast for FY16-17 was released this morning, providing new information and context for the upcoming 2015 legislative session. From the office of Minnesota Management and Budget, the state now...more

Governor Patrick Proposes State Budget Cuts; Speaker DeLeo Opposes

This morning Speaker of the House Robert DeLeo indicated that he will not support the Governor’s plan to trim the state budget to close a projected $329 million mid-year budget gap....more

S744 – Appropriations Act of 2014 (Budget)

Transfer of ABC Commission to Department of Public Safety - The 2014 state budget bill transfers the North Carolina ABC Commission (“ABC Commission”) from the North Carolina Department of Commerce to the North Carolina...more

North Carolina Legislative Report

The General Assembly adjourned “sine die” on Wednesday, August 20. During the interim, the MVA Public Affairs Legislative Report on North Carolina will be distributed biweekly to keep you up to date on the latest legislative...more

Under the Dome: Inside the Maine State House

Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. Maine Senate Confirms 50 of 51 Gubernatorial Nominees - On September 30th, the Maine...more

Cutting the BS(A): California's Prop 2 Re the Budget Stabilization Account

In our second blog examining the propositions we'll be seeing on the election ballot November 4th, we'll take a look at California's Proposition 2, or the Rainy Day Budget Stabilization Fund Act (formerly known as Proposition...more

From Second and State: Capitol Wrap – Week of September 2014

They say a week is a lifetime in politics, and given how much happened last week, we can see where that saying comes from. During the final session days of September, we saw the legislature finally pass the Philadelphia...more

From Second and State: Legislative Preview — September 2014

The legislature returns to Harrisburg next week for three of the remaining nine days of the 2013-2014 legislative session. While it is still unclear as of Friday what bills will see floor action, these three session days are...more

Capital Project Bills to Reduce Spending and Debt Head to House Floor

A bill that would curb spending increases for certain capital projects, and another to reduce borrowing, may be voted on by the full House Wednesday. The House Finance Committee approved H.B. 2419 and H.B. 2420 yesterday as...more

Fall Legislative Session Preview

With fall in the air, the General Assembly returns to Harrisburg on Monday, September 15 after a two-month summer break. There are only 11 session days scheduled for the remainder of the session, and with November’s election...more

2014 Comprehensive Report

Historically, the “Short Session” of the North Carolina General Assembly focuses on state budget corrections and adjustments. Frequently, legislators will also work on additional legislation while they are in Raleigh. This...more

Important Budget and Legislative Dates

While everyone is focused on the upcoming November 4th elections, Minnesota’s Executive Branch is quietly assembling budget recommendations for the FY 2016-2017 biennium. These recommendations ultimately will be presented to...more

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

This is a brief update on recent Pennsylvania tax developments. FY15 Budget Enacted—Includes Little Tax Reform Earlier this summer, Governor Corbett signed into law the fiscal year July 1, 2014 through June 30, 2015...more

Under the Dome: Inside the Maine State House

While most attention in Augusta now is on politics, specifically the ins and outs of the Governor’s race, some policy discussions remain ongoing in Augusta. This week, the Appropriations and Financial Affairs Committee held...more

Weekly Update from the NC State House - August 2014: A funny thing happened on the way to adjournment Saturday, they didn't go...

Wrapping It Up? - A funny thing happened on the way to adjournment Saturday, they didn’t go home. The budget was the talk of the town in Raleigh last week and House and Senate budget writers spent the days leading up...more

ML Strategies FY2015 Massachusetts Budget Update: Conference Committee Budget

On June 30th, the eve of the Commonwealth’s new fiscal year, the House and Senate both approved the joint conference committee report on the FY2015 spending plan. Governor Deval Patrick, who left to attend the Panamanian...more

Budget Season: It’s Over, But Not…

The General Appropriations bill was passed on time, with the fiscal code bill quickly following in early July. However, in what was one long hot summer week, both bills sat unsigned on the governor’s desk for the better part...more

Womble Legislative Update

Three and a half weeks into the new state fiscal year we have no newly adjusted budget, and the passage of important bills has slowed to a trickle, but there's a distinct uptick in hostage-taking of bills....more

North Carolina Legislative Report

The General Assembly’s Short Session began Wednesday, May 14, 2014. The MVA Public Affairs Legislative Report on North Carolina will be distributed weekly to keep you up to date on the latest legislative issues facing the...more

ML Strategies FY2015 Massachusetts Budget Update: Governor Patrick Issues Vetoes, Signs Budget

On Friday, Governor Deval Patrick signed into law a $36.5 billion state budget for FY2015, which is nearly $10 billion larger than the budget he proposed back in January 2014. Before signing off on his eighth and final annual...more

PA Budget - Minor Tax & Escheat Impacts

On June 30th, the Pennsylvania House and Senate adopted a budget for FY 2014-15 which requires no major tax increases. The Governor signed the budget and accompanying Fiscal Code bill on July 10th, after making several line...more

Lots of Legislative Theater; No White Smoke

Lots of theater; no white smoke. - We are nearly two weeks into the new fiscal year with no budget agreement and no go-home date circled on the legislative calendar. Senator Apodaca promises his Senate Rules Committee...more

Weekly Update from the NC State House - July 2014: A week that began looking like it would be somewhat uneventful became very...

Last Week - A week that began looking like it would be somewhat uneventful became very interesting as budget writers met publicly Tuesday and Wednesday in an attempt to further negotiate the budget differences between...more

Spotlight on Tennessee: Letter Ruling Addresses Treatment of a Section 338(h)(10) Election

Tennessee does not expressly conform to most provisions in Subchapter C of the Internal Revenue Code. Instead, Tennessee's federal corporate income tax conformity is determined based on the "starting point" that Tennessee...more

Update: Last Night’s Senate Action

Last night, the Senate took much anticipated action on H.B. 278 (Rep. Baker, R-Bradford/Tioga), amending the Fiscal Code, and H.B. 1177 (Rep. Lucas, R-Crawford/Erie), which provides for the Philadelphia cigarette tax...more

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