News & Analysis as of

Budget Surplus

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. Legislature Met on July 20 to Consider Bond Bills, Items from Special Appropriations Table - After...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

Minnesota Weekly Legislative Update: Budget Surplus and Sunday Alcohol Sales

by Faegre Baker Daniels on

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

Minnesota Weekly Legislative Update: 2017 Legislative Session Preview

by Faegre Baker Daniels on

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

The 2017 Minnesota Legislature: What to Expect

by Stinson Leonard Street on

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

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. Maine Sees Higher Budget Surplus Than Expected - On June 30, 2016, Maine’s fiscal year ended...more

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

Surprise! Minnesota Budget Forecast Delivers Bad News

by Stinson Leonard Street on

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

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. Debate Begins Over Spending or Saving Projected Surplus - This week, the Maine Revenue...more

BC budget recap

by Dentons on

On Tuesday, February 16, 2016, the Government of British Columbia tabled in the legislature their annual budget—Budget 2016. Budget 2016 contains overall good news for British Columbians. Relatively speaking, BC is a...more

Minnesota Legislature Gears Up for March 8 Start

by Stinson Leonard Street on

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

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

Minnesota's Projected Surplus Continues to Grow

by Faegre Baker Daniels on

Minnesota's November budget and economic forecast was released on December 3, 2015, showing a projected $1.9 billion budget surplus for the remainder of the FY 2016-2017 biennium. This is $1 billion above the budget surplus...more

Is it the End of the Story for Redevelopment in California?

Long, long ago (in 2012 to be exact) in a land not so far away (also known as California), legislation which allowed local governments to establish redevelopment agencies tasked with eliminating blight through the...more

South Carolina Legislative Update

by Moore & Van Allen PLLC on

The General Assembly finished the 1st Regular session of the 121st Session last Thursday, but will return the week of June 16 to take up gubernatorial vetoes, conference reports, and any of the appropriations bills related to...more

Minnesota Legislative Update: 2015 Legislative Session Wrap-up

by Faegre Baker Daniels on

After 10 years of budget deficits, the Minnesota Legislature convened in January to set the state’s biennial budget with a projected $1.9 billion surplus. This surplus spurred hope of an orderly session and predictions of tax...more

North Carolina General Assembly Week in Review

by McGuireWoods LLP on

The state House unveiled their budget proposal last week and while the full plan will come out early this week, the nearly $22 billion proposal reflects a clear upswing in the economy, with less cuts to major policy areas....more

North Carolina General Assembly Week in Review

by McGuireWoods LLP on

This week, in a press conference at the state capitol building with House and Senate leaders, Gov. Pat McCrory (R-NC) announced that North Carolina had paid off the $2.8 billion debt it owed to the federal government for...more

NC Legislative Update for May 2015 #2

by Nexsen Pruet, PLLC on

This Week - A relatively uneventful week at the Legislative Building has come to a close. The Senate did not take any votes until Thursday and the House voted on one bill on Wednesday and one on Thursday. House...more

Week In Review - May 2015 #2

Budget Battle - Conference committees on the budget bills for the next biennium have begun their initial walkthroughs of fiscal tracking sheets and side-by-side comparisons, but the real negotiating is awaiting new...more

$400 Million Surplus Could Trigger Corporate Tax Rate Reduction

North Carolina state officials have announced a projected $400 million revenue surplus for the current fiscal year. The anticipated surplus is mainly due to higher income tax payments and lower refunds compared to last year....more

Week in Review - March 2015 #2

Surplus - The state Republican Party has approved a “Give It All Back” ad campaign encouraging Gov. Dayton and the Legislature to return all of the projected $1.9 billion budget surplus to Minnesotans in the form of...more

Week in Review - March 2015

Minnesota Budget Forecast/Surplus - Management and Budget shows the State’s previously forecast $1.038 billion surplus for the next biennium has grown to $1.87 billion. Governor Mark Dayton said he will propose using...more

Minnesota's $1.9 Billion Projected State Budget Surplus

by Stinson Leonard Street on

Both Governor Dayton and DFL legislative leaders expressed their desire to target surplus dollars on long term investments. Specifically in education and transportation, Dayton would fully fund universal pre-K programs,...more

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