News & Analysis as of

State Budgets

Under the Dome: Inside the Maine State House

by Pierce Atwood LLP on

Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. Spokesperson Says Governor Paul LePage Will Not Seek Senator King’s U.S. Senate Seat - A...more

Minnesota Weekly Legislative Update: Budget Negotiations Continue, Conference Committees Focus on Policy

by Faegre Baker Daniels on

The legislative session is quickly coming to a close, but legislative leaders and Governor Dayton are not finished with their work. They are continuing to negotiate the state’s $46 billion budget and will need to come to a...more

North Carolina Legislative Update - May, 2017 #2

by Brooks Pierce on

Work at the Legislature picked back up this week as the Senate unveiled and passed its 2017-2019 budget proposal. Senate Budget (S257) - The Senate passed its version of the budget bill early Friday morning. The...more

Minnesota Weekly Legislative Update: Budget Negotiations Continue, Conference Committees Focus on Policy

by Faegre Baker Daniels on

The week started the way it began, with no global budget agreement and no omnibus budget bills signed into law. Leaders began meeting early in the week, exchanging offers in an attempt to compromise, but budget talks imploded...more

Virginia Historic Rehabilitation Tax Credits: a Legislative Update

by Williams Mullen on

The Virginia Historic Rehabilitation Tax Credit (“HRTC”) Program (Virginia Code § 58.1-339.2) has been a significant factor in the preservation of historic properties and the revitalization of urban centers across the...more

Governor Brown's May Revise 2017-18 Budget

On May 11, 2017, Governor Jerry Brown released his May Revision to his January budget proposal for the 2017-18 fiscal year. Total budget spending amounts to $183.4 billion....more

MoFo New York Tax Insights - Volume 8, Issue 5

by Morrison & Foerster LLP on

Final 2017-18 New York State Budget Bill Enacted - The New York State Budget Bill was enacted by the New York State Legislature and signed into law by Governor Andrew M. Cuomo. S. 2009-C, A. 3009-C. Among the Governor’s...more

North Carolina Legislative Update - May, 2017

by Brooks Pierce on

Work at the Legislature slowed this week following the whirlwind of last week's crossover deadline. Few committees met and no action was taken on any substantive bills....more

Minnesota Weekly Legislative Update: Budget Negotiations Continue, Conference Committees Focus on Policy

by Faegre Baker Daniels on

In response to Governor Mark Dayton’s demand that the Legislature provide a complete budget for him to analyze before starting negotiations, the House and Senate agreed to joint legislative targets and conference committees...more

2017 Ontario Budget: Highlights for Pension Plan Sponsors and Administrators

by Dentons on

Pension plan sponsors and administrators have much to anticipate with the release of the 2017 Ontario Budget: A Stronger, Healthier Ontario (Budget) on April 27, 2017. The Budget provides updates to several pension reform...more

Tennesseans Can Expect Gas/Diesel Tax Increase in July

You have reached your final destination! The IMPROVE Act/Tax Cut Act of 2017 was signed into law by Gov. Haslam on Wednesday, April 26. The act passed in both the House and the Senate last week, but they passed differing...more

Indiana 2017 Legislative Wrap-up

by Faegre Baker Daniels on

Indiana lawmakers had plenty of reasons to celebrate the conclusion of the 2017 legislative session — they finished a week early in what leadership called a “monumental” year. Here is a look at the raw number of bills...more

Minnesota Weekly Legislative Update: Budget Negotiations Continue, Conference Committees Focus on Policy

by Faegre Baker Daniels on

With three weeks left in the legislative session, most of the week was spent on often contentious budget negotiations between the Governor and legislative leadership. Last month, Governor Dayton sent a letter to Senate...more

Under the Dome: Inside the Maine State House

by Pierce Atwood LLP on

Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. Compressed Committee Activity - Over the next four to six weeks, the Maine legislature’s...more

Minnesota Weekly Legislative Update: Recess Ends, Budget Negotiations Begin

by Faegre Baker Daniels on

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

News from the Vermont Statehouse - An Analysis from DRM’s Government & Public Affairs Team - April 2017 #2

by Downs Rachlin Martin PLLC on

Senate Money Panel Passes Budget Bill - On a vote of 7-0, the Senate Appropriations Committee passed a $5.8 billion budget on Friday that closes a $72 million projected gap between revenues and expenditures in the 2018...more

ML Strategies Alert - FY2018 Massachusetts Budget Update: House Ways and Means Budget

On Monday, April 10th, the House Ways and Means Committee proposed a $40.3 billion budget for FY2018 that calls for increasing spending by 3.8 percent, or about $1.47 billion, above FY2017 levels. The spending increase is...more

Hodgson Russ LLP’s Report on the 2017-18 New York State Budget

by Hodgson Russ LLP on

On April 10th, the New York State budget for 2017-18 was signed into law. The highlights of the revenue provisions are summarized below....more

Maine Municipal Law Update: Biennial Budget, Marijuana Legalization & Opportunity Agenda

by PretiFlaherty on

Maine's Biennial Budget - Legislative work continues to steadily flow in Augusta, Maine as more bills are taken up by policy committees and many of them are meeting passage or being killed. In addition, the state’s...more

New 421-a Legislation

The recently adopted state budget bill included the long-awaited revisions to the 421-a program. These amendments to the Real Property Law, dubbed the “Affordable New York Housing Program,” provide partial exemptions from...more

Controversial NY lender and student loan servicer licensing proposals removed from budget bill

by Ballard Spahr LLP on

A New York lender licensing proposal that threatened to create new regulatory burdens for financial service providers and to potentially adversely affect credit availability to New York residents and businesses, has been...more

New York State lawmakers pass final budget

by Dentons on

The weekend of April 9 saw the passage of the New York State budget after the state Assembly and Senate, respectively, closed out Saturday and Sunday legislative sessions at the state Capitol in Albany. The final passage...more

News from Second and State

Weekly Wrap - Only the House of Representatives were in session this week, but it was a pretty busy week nonetheless. Topics from the budget to mandatory minimum sentences were all up for review and debate. The...more

New York misses budget deadline as negotiations carry into April

by Dentons on

New York State's April 1 budget deadline came and went over the weekend without resolution of outstanding policy issues tied to the budget. Legislative leadership and Governor Andrew Cuomo have been in intense negotiations...more

Minnesota Weekly Legislative Update: House, Senate Roll Out Transportation Funding Packages

by Faegre Baker Daniels on

With policy committee deadlines out of the way, legislators turned their attention to omnibus finance and tax bills. Finance and tax committees in both the House and Senate spent the week compiling bills, taking public...more

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