Fitch Ratings placed Alaska's AA-minus issuer default rating on Rating Watch Negative.
Ron DeSantis says he won’t trim or sign the 2021 state budget yet, but on Wednesday issued a statewide order limiting movement to essential services.
The Department of Finance told department heads it will be re-evaluating budget requests under a workload budget scenario.
Gov. Phil Murphy’s administration places nearly $1 billion of discretionary spending in reserve through the 2021 fiscal year amid economic struggles from virus.
The Disaster Emergency Funding Board, authorized in 1973, will consider Gov. Gina Raimondo's request for up to $300 million short term borrowing.
Despite rising 3% in 2019, DiNapoli expects bonuses to drop this year.
Eric Holcomb said the state will consider using bond authority to move forward with capital projects that were to have been funded on a pay-go basis.
The majority of the economic disruption will occur in fiscal 2020, but the revenue impacts will extend into the first half of fiscal 2021, says Moody's Analytics Dan White.
When lawmakers cast the final vote on the 2021 budget, they won’t have updated revenue projections but other states and industries do.
State Comptroller Thomas DiNapoli released updated state revenue projections.