Photo credit: iStock.com/Sergey Demchenko Many states are ending the 2022 fiscal year with a budget surplus, resulting in significant legislative deliberations about the best way to utilize those funds. During the fiscal year 2021, some states grew their rainy day funds by 37.7 billion, approximately a 50% increase from the previous year. In the fiscal [...]
As discussed in our previous budget update, many states are passing record high spending in their FY 22 state budgets. Due to the COVID-19 pandemic and the subsequent public health and economic crises, spending on education, healthcare resources, tax cuts, and spending federal stimulus dollars are major priorities. Helping to ensure that businesses can reopen [...]
Digital collage by Ryan Stevens; image sources by David Mark, heblo, & Clker-Free-Vector-Images from Pixabay The Biden administration released the full version of its fiscal 2022 budget. The budget calls for $6 trillion in spending and a deficit of $1.8 trillion; deficits would exceed $1 trillion for a decade. It proposes detailed allocations for federal agencies following [...]
DMGS Highlights: Governors of states maintain the power to veto legislation.Each state has its own veto process.There are numerous types of vetoes.Vetoed legislation in 2020 includes: minimum wage bills, online voter registration bills, high school graduation requirement bills, telemedicine bills, budget line-item vetoes, and more. In a state’s system of checks and balances, governors maintain [...]
Photo by Stephan Müller on Pexels.com What is a “Special Session”? Unlike a regular legislative session, special sessions occur to deal with specific issues or topics. Usually, the scope of the special session is limited to these specific issues. Each state has its own rules and laws for the processes on special sessions, including how [...]
Digital Illustration by Alana Burman As COVID-19 continues to wreak havoc on states and their economies, lawmakers are contemplating how to handle decreasing state revenue and budget deficits. DMGS previously covered budget deficits caused by COVID-19 in numerous states. Now that more time has passed and more states have passed their respective budgets, some have [...]
Digital Illustration by Alana Burman by: Ryan J. Stevens As the COVID-19 pandemic continues to impact all facets of everyday life, state budgets are no different. With businesses closing and states implementing stay at home orders over the last few months, tax revenues have been dwindling for states. With more individuals applying for unemployment compensation, [...]
Congress finally passed a continuing resolution (CR) to fund the federal government for another month. Funding for federal agencies was extended through December 20 under a stopgap funding measure that averted a government shutdown as fiscal 2020 appropriations negotiations continue. However, expectations are low for a full fiscal 2020 spending deal by next month’s deadline. [...]
Democratic legislators in the House will be working on priorities for internet regulation and fiscal 2020 spending next week, while the Senate returns to confirm more of President Donald Trump’s nominees under an expedited process after Senate Republicans jettisoned the Senate's deliberative process for executive nominees this week. The House could also take up legislation [...]
Enter your email address to subscribe to this blog and receive notifications of new posts by email.
© All rights reserved. • Duane Morris Government Strategies
Stay In Touch