Colorado’s “rolling conformity” with the federal tax code, coupled with sweeping tax breaks enacted by Congress, triggered a sudden revenue loss.
State lawmakers will be rushing to address crime, AI, housing and a host of other issues – including growing budget gaps – ahead of elections this year.
So far, seven states have passed laws approving the use of Medicaid funds to pay for community-based programs intended to stop shootings. But unlocking the funds is complicated and it's unclear how much money will actually be diverted.
Drivers could potentially pay per mile driven. The state transportation department predicts fuel tax revenues will decline by 2030 and drop by half by 2050.
Across the nation, state transportation agencies are warning that public safety is at risk if lawmakers don’t overhaul how road maintenance gets funded. Some states are proposing new taxes and fees.
The state has not yet signed up for a federal program that would help feed 2 million children who receive free or reduced-cost school lunches over the summer. State officials expect their own funds to be sufficient.
As inflation and interest rates ease, 2024 will be a perfect time for overdue multiyear strategic planning and keeping up with breakthrough information technologies.
‘Are we going to revert back to “normal?” No, we will have a new normal.’
Maryland Gov. Wes Moore promised to revive long-neglected transit projects when he took office earlier this year. Instead, he’s now proposing broad-based transportation cuts.
Florida was the only state to decline millions in federal funding that could have been put toward reducing tailpipe emissions and the effects of climate change. The state will build roads and bridges instead.
The state's projected $68 billion shortfall for the coming fiscal year represents a big challenge. Still, California’s deep reserves can reduce the burden.
The proposed bill would charge electric vehicle owners $290 a year to supplement decreased revenue lost from the state’s gas tax. It is estimated the fee would generate as much as $20 million annually for the state.
Gov. Gavin Newsom and state legislators this year made budget cuts and deferred spending as a way to address the $31.5 billion spending gap. But, as tax revenues were delayed by winter storms, the gap has grown to $68 billion.
High-profile departures of senior-level executives reflect not only an aging workforce and a more politicized operating environment but also salaries and benefits that need to be competitive with the private sector’s.
In 2021, the state’s surplus was $3.7 billion and a year later it had grown by nearly another $3 billion. Now with $16 billion reserved, it’s likely that increased spending will occur in next year’s session.
The City Council voted unanimously to equip about 810 sworn police officers with body cameras next year, making a summertime pilot program permanent. However only 297 of the patrol officers will be required to wear them routinely.
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