State Budgets

News & Analysis as of

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

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

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