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State Budgets

Ruder Ware

Capitol Connection, July 2025

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The ever-changing landscape of state government requires businesses across all industries to stay informed on the happenings in Madison. Welcome to the July issue of the Capitol Connection....more

Brownstein Hyatt Farber Schreck

Colorado Braces for Medicaid Changes

With the signature of President Trump’s marquee domestic policy bill—H.R.1, the One Big Beautiful Bill Act—the federal approach to the Medicaid program is poised to change significantly. How Colorado’s political leaders treat...more

Cozen O'Connor

Pennsylvania Perspective for Monday, July 7, 2025

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PA’s Lottery Allowed to Allocate More Money to Player Payouts- Lawmakers passed legislation last week aimed at raising millions of more dollars for senior citizens by allowing the Pennsylvania Lottery to funnel more funds...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (7/7)

Cozen O'Connor on

State ends fiscal year with record revenue - “Despite uncertainty over the economy and federal funding during the second half of fiscal year 2025, the year closed on June 30 with the state setting a new record for annual...more

Cozen O'Connor

New York Note: FY26 Budget Passage, City Legislation, Brooklyn Power 100

Cozen O'Connor on

On June 30, the City Council formally adopted the $115.9 billion FY 2026 budget. The budget includes funding to pilot a new free child care program for children under 2 years old, along with a significant increase in City...more

McDermott Will & Emery

Action on New York consent to payment law unlikely before 2026

NY Public Health Law (PHL) § 18-c, regarding consent for payment of certain medical services, was enacted as part of the 2025 New York State budget. As drafted, it requires patient consent to payment for treatment costs. The...more

Cozen O'Connor

Pennsylvania Perspective for Thursday, July 3, 2025

Cozen O'Connor on

Gov. Shapiro Remains Optimistic About Ongoing Budget Negotiations- Governor Josh Shapiro (D) says a budget deal is expected “very soon” despite Pennsylvania missing its July 1 deadline, as lawmakers continue closed-door...more

Cole Schotz

New Jersey’s Latest Budget Has Sweeping Changes to the Mansion Tax

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The latest budget passed by the New Jersey legislature and signed by term-limited Governor Phil Murphy quietly enacted changes to New Jersey’s Mansion Tax, which affects not only residential properties but commercial...more

Bricker Graydon LLP

Economic Development Changes Abound in Ohio’s Operating Budget Bill

Bricker Graydon LLP on

For those considering state government jobs after college or graduate school, certain opportunities often come with the informal – but widely known – warning: this can be a hard job during the state’s biennial budget drafting...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (7/2)

Cozen O'Connor on

Gov. JB Pritzker taps Christian Mitchell as lieutenant governor pick in campaign for third term - “Christian Mitchell, a former South Side state representative and deputy governor-turned-University of Chicago executive,...more

Bressler, Amery & Ross, P.C.

New Jersey Modifies Mansion Tax on Sales of Real Property

The New Jersey state legislature has passed new legislation, as part of the State’s 2026 fiscal year budget, that directly and significantly impacts sellers and buyers of real property in New Jersey. Previously, a 1% fee...more

Farrell Fritz, P.C.

Annual Property Tax Report Cards – $3.64 Billion in School District Cash Reserves

Farrell Fritz, P.C. on

In May, the annual New York State Property Tax Report Cards for School Districts were released by the Department of Education.  The report cards include estimates of fiscal reserves that each school district expects to have...more

McCarter & English, LLP

New Jersey Enacts FY 2026 Budget: Key Takeaways

New Jersey has enacted its Fiscal Year 2026 budget, with the Legislature passing a $58.78 billion spending plan ahead of the July 1 constitutional deadline. The final budget reflects an increase of approximately $727 million...more

Dentons

2025 Summer Interim Update – New Laws Effective July 1

Dentons on

The 2025 Legislative Session adjourned on May 15, and over the next 30 days, the Governor took final action on bills, concluding her work on June 11. Now the majority of new laws take effect today, July 1, 2025....more

Cozen O'Connor

Pennsylvania Perspective for Monday, June 30, 2025

Cozen O'Connor on

Legislators to Miss Budget Deadline Again Amid $5.5B Gap, Policy Disputes -For the fourth consecutive year, Pennsylvania lawmakers have missed the June 30 budget deadline as negotiations stall over how to close a projected...more

Brooks Pierce

Brooks Pierce Capital Dispatch: Legislators Pass New Helene Recovery and Other Bills; Budget Discussions Continue; Senate Confirms...

Brooks Pierce on

Legislators left Raleigh on Thursday after a flurry of activity and adoption of many bills. They did not reach agreement on a new two-year budget (S 257) and may continue work on it and other spending bills when they return...more

Akerman LLP - HR Defense

New York City's Commercial Real Estate Tax Industrial and Commercial Abatement Program Extended to 2030 With Modifications

The New York City Industrial and Commercial Abatement Program (ICAP) has been extended to remain in effect through 2030, with some modifications. The New York state budget bill for FY 2026, signed by Governor Kathy Hochul on...more

Buckingham, Doolittle & Burroughs, LLC

Ohio Pending Budget Bill reduces individual income tax rates, eliminates sales tax exemptions, and extends business tax credits;...

The Ohio Budget Bill for FY 2026-27 (H.B. 96) was agreed to by the Ohio House and Senate in Conference Committee and now awaits Governor DeWine’s signature. Consistent with the direction commenced a few years ago, the Budget...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (6/25)

Cozen O'Connor on

Gov. JB Pritzker to announce he’s running for a third term in 2026- “Democratic Gov. JB Pritzker will announce Thursday that he will seek a third term next year, answering a question about his immediate political future but...more

Cozen O'Connor

Pennsylvania Perspective for Thursday, June 26, 2025

Cozen O'Connor on

Medicaid Costs Dominate Budget Talks as Deadline Looms- Pennsylvania lawmakers are locked in tense budget negotiations as Governor Josh Shapiro’s (D) proposed $2.5 billion increase in Medicaid funding faces pushback from...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (6/23)

Cozen O'Connor on

Here's why Illinois Republican lawmakers sued Democrat leaders -“Republican lawmakers in Illinois filed a lawsuit in Sangamon County on June 17, arguing that the Democratic Majority passed a special interest proposal...more

Cozen O'Connor

Pennsylvania Perspective for Monday, June 23, 2025

Cozen O'Connor on

Budget Talks Intensify as Lawmakers Debate Tax Reform, Transit Funding, Marijuana Legalization - As Pennsylvania’s June 30 budget deadline approaches, the future of several of Governor Josh Shapiro’s (D) proposals—including...more

Stinson LLP

Minnesota Legislature 2025 Recap

Stinson LLP on

After decisive victories by Republicans at both the state and federal level in the 2024 general election, political prognosticators and pundits alike in Minnesota declared universally that the 2025 Minnesota legislature would...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Washington State Scales Up Paid Family and Medical Leave Law

On May 20, 2025, Washington Governor Bob Ferguson took the final step toward implementing House Bill (HB) 1213’s expansion of the state’s paid family and medical leave program when he greenlit funding for the program as part...more

Cozen O'Connor

New York Note: NYS Legislative Session Concludes 2025

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The 2025 New York State legislative session has concluded. For the 2025-2026 session, all bills not passed this year will remain live, and session is scheduled to begin again in January. We anticipate that the Governor will...more

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