California Governor Gavin Newsom released the “May Revision” to the state budget on Friday. The May Revision, or “May Revise,” takes into account actual state revenues collected through April....more
Odd to think of the Food Service Fund having a surplus, but districts around Ohio are having this unusual experience due to the pandemic and changing federal reimbursements. RC 3313.81 and a series of AG opinions...more
California Governor Gavin Newsom and the state Legislature enacted a $196 billion spending plan for FY 2021–22, the largest budget in state history. Buoyed by a record budget surplus estimated at $85 billion, including $26…...more
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
Yesterday Minnesota’s latest budget and economic forecast was released. The state’s financial outlook remains stable, with a small increase to the general fund revenue forecast along with a similar-sized reduction in spending...more
City Proposals for Funding Due Nov. 4 - In response to the recent and continued utility-initiated power shutoffs that are leaving millions of Californians without power, Gov. Gavin Newsom launched a Local Government Public...more
The City of Riverside’s transfer of electric utility service charge revenue to the City’s general fund for general purposes was upheld last week by a California Appellate Court. ...more
Revenue Forecasting Committee Projects $141 Million Surplus - The Revenue Forecasting Committee (RFC) presented a briefing to the Appropriations and Financial Affairs (AFA) Committee on Tuesday, March 6, 2018. The RFC has...more
Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. Legislative Council Hears State Fiscal Report - On Tuesday, September 19, the Legislative Council...more
New legislation in Pennsylvania expands the permissible financial products in which municipalities, school districts and municipal authorities may invest. Recently approved Pennsylvania legislation (Act No. 10 of 2016, the...more