State budgets
New Mexico seeks to shield general fund from volatile oil and gas revenue
The state is capping transfers of fossil fuel-related revenue to its general fund and will invest money that exceeds the cap through a Severance Tax Permanent Fund.
Read MoreFeds free up $2.5B of highway funds frozen by old accounting glitch
The puzzling accounting discrepancy, which dates to 2005, threatened to lead to the rescission of $3.5 billion of contract authority for state departments of transportation.
Read MoreNew Jersey lawmakers approve record budget with new spending
The $54.3 billion spending plan for fiscal 2024 is $5.4 billion larger than last year’s and $1.2 billion more than the proposal Gov. Phil Murphy pitched in February. It features tax-relief programs and tax code changes.
Read MoreMassachusetts governor announces $14 billion, five-year capital plan
Gov Maura Healey touted new spending on green energy, transportation, and housing in releasing the five-year Capital Investment Plan.
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