Following extensive deliberations and legislative actions, Governor Phil Murphy signed the Fiscal Year 2025 New Jersey Appropriations Act on Friday night, setting the state’s financial course for the upcoming fiscal year. The...more
City Council Passes FY25 Budget, Nonprofit Contracting Bill- During its last regular meeting before summer recess, City Council unanimously passed the FY25 City Budget. Council also approved a bill requiring competitive...more
This week, Philadelphia City Council embarked on its first round of hearings on Mayor Cherelle Parker’s $6.3 billion FY25 budget, which featured discussion about police response to youth gun violence and the lack of a funding...more
While bonds can be used to finance capital needs for Georgia school districts, other strategies are available that do not require a referendum. Tax anticipation notes, multi-year lease purchases, certificates of...more
On January 16, New York Governor Kathy Hochul released her State Fiscal Year (SFY) 2024-25 Executive Budget, her third since assuming office in August 2021. Addresses by Governor Hochul and Budget Director Blake Washington...more
Earlier this week, Governor Kathy Hochul released her Executive Budget proposal totaling $233 billion for State Fiscal Year 2025. The budget proposes several initiatives targeted at improving access to, quality of, and...more
Governor Gavin Newsom has unveiled his January budget proposal, which authorizes $291.5 billion in spending, significantly less than the $310.9 billion budget plan enacted just six months ago. To balance the proposed...more
While the campaigns for U.S. President, U.S. Senate, U.S. House, Ohio Supreme Court, and to a lesser extent the Ohio General Assembly will dominate media attention, we still anticipate activity at the Statehouse....more
The Ohio Department of Development (ODOD) recently released further application details and information regarding its Building Demolition and Site Revitalization Program (the Program), which recently received renewed funding...more
Early Indication of Challenging 2024–25 State Budget - On September 20, 2023, Blake Washington, the new director of the New York State Division of the Budget (DOB), issued the annual agency “call letter,” which requests...more
North Carolina Governor Roy Cooper announced on September 22, that the state’s $30 billion budget bill will become law and effective on October 1. The budget bill funds the North Carolina Medicaid expansion agreement that was...more
The long-anticipated state biennial budget (Ohio House Bill 33) is headed to the Governor for approval. The Bill contains significant changes for Ohio schools; below is a summary of those changes. Also, be on the lookout for...more
After a tumultuous week of drafting and negotiations on State Street, Governor Phil Murphy has signed into law the Fiscal Year 2024 New Jersey Appropriations Act, formalizing the State’s budget for the upcoming fiscal year....more
In what many are calling one of the most consequential legislative sessions in Minnesota's history, Gov. Tim Walz and legislative leaders pulled together a last-minute $72 billion budget deal to close out the 2023 legislative...more
California Governor Gavin Newsom has unveiled his May Revision to his January $297 billion spending proposal for FY2023-24. His new proposal totals $307 billion and addresses a projected $31.5 billion deficit, a $9 billion...more
CHICAGO — Chicago Biotech Startup Unveils AI to Speed Up Breakthrough Drugs- In the wake of Evozyne's hiring of a seasoned tech-company executive as CEO, the Chicago-based biotech company announced it has developed an AI...more
Governor Gavin Newsom on Tuesday unveiled a 2023 state budget proposal that includes significant cuts to climate investments due to an estimated budget gap of $22.5 billion for the 2023-2024 fiscal year....more
Governor Gavin Newsom, Assembly Speaker Anthony Rendon and Senate President Toni Atkins have reached agreement on a more than $300 billion “budget framework” for the state’s 2022–23 budget. The full Legislature must approve...more
California legislators have passed a 2022–23 spending proposal. This year’s budget measure, Senate Bill 154, totals over 1,000 pages. The Senate voted 28 to 8 to send the budget to Governor Newsom. The final Assembly vote was...more
As part of the Fiscal Year 2023 New York state Executive Budget legislation, $1.2 billion in funding has been allocated for the payment of bonuses for certain “frontline” healthcare workers. With the stated goals to...more
In our last post, I summarized part of the General Assembly’s Education Committee’s final flurry of approved bills advancing bills out of committee. In addition to the bills that we have already summarized, here is a brief...more
On Saturday, April 9, the New York State Legislature passed the final set of budget bills for the state’s fiscal year 2022–23 budget, which are in the process of being signed into law by the Governor. The approximately $220...more
On March 12 and 13, respectively, the New York Assembly and Senate released their one-house budget bills in response to Governor Kathy Hochul’s proposed $216 billion budget issued on January 18. The budget proposals are...more
The House and Senate largely avoided each other on Valentine’s Day, with the Senate quickly gaveling in and taking care of business this morning before the House rolled in for an afternoon convening. It’s unclear whether the...more
Unprecedented. - That is how political observers, politicians and media pundits are describing what is in front of the Minnesota legislature and DFL Governor Tim Walz as the legislature sets to convene next Monday,...more