News & Analysis as of

Deficit Reduction State and Local Government State Budgets

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (2/12)

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Civic Federation Says Illinois Should Extend Sales Tax to Services to Help Bridge $3B Budget Deficit - “Illinois should extend its sales tax to services like haircuts, dry cleaning and plumbing, the nonpartisan Civic...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (2/3)

Cozen O'Connor on

Heading into budget season, Gov. JB Pritzker faces major challenge to show ‘Illinois can govern itself’ - “With Gov. JB Pritzker still weighing whether to seek a third term, the firmer foundation he’s laid for Illinois’...more

Brownstein Hyatt Farber Schreck

California State Budget 2025-26

The governor’s 2025-26 budget proposal breaks the cycle of deficits past with a cautiously optimistic projection of a $322.2 million surplus. The source of this modest surplus, which comes as a great surprise to many still...more

Stinson LLP

Minnesota Legislature Adjourns in Seven Days: Bonding Projects Will Dominate Discussions

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After learning that the pandemic has left an approximately $2.4 billion hole in Minnesota's general fund budget, legislators are left with only seven days to complete their work before next Monday's May 18 constitutional...more

Stinson LLP

From Feast to Famine: Minnesota Budget Forecast Projects $2.4 Billion Deficit

Stinson LLP on

In less than 60 days, Minnesota's state budget has taken a $4 billion hit to its bottom line. Minnesota Management and Budget Commissioner Myron Frans announced today that the global pandemic is responsible for a severe...more

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