The Williams Report
Alaska: Budget Standoff Continues as House Votes to Double Permanent Fund Dividends
The state government will partially shut down on July 1st if no resolution reached.
California: California’s Budget Has Two Main Focuses
One-third of the budget goes to education, while the largest program is healthcare.
Connecticut: Without a Connecticut Budget by July 1st, the Options Are All Bad
The previous year’s budget would run a $3.2 billion deficit if a new budget is not passed in time.
Illinois: Governor Rauner Talks Property Tax Relief as State Budget Crisis Continues
Illinois currently has the second highest property taxes in the Nation.
Maine: Negotiators Fail to Compromise on Budget
The deadline is now if Gov. LePage is to get 10 days to review it before the fiscal year ends.
Minnesota: Budget Veto Weighs on State’s Credit Ratings
S&P said the credit rating would be downgraded if the state fails to fund state debt appropriately.
New York: State’s Budget Stirs Fear of Revenue Shortfall
Revenue in first month of fiscal year was already $1 billion short of projections.
North Carolina: Senate and House still Negotiating Budget
The difference in the House and Senate budgets is not if to cut taxes, but where to cut taxes.
Pennsylvania: Governor Gives Update on State Budget
Governor Wolf is still trying to balance the budget; he expects it will be passed sometime between June 30th and July 15th.
Rhode Island: Legislators near end of state budget negotiations
South Carolina: Governor McMaster Vetoes More than $56 Million from State Budget
Washington: Lawmakers near End of Second Special Session
There are still no signs of agreement between House and Senate on state budget.
West Virginia: Senate Passes Budget Package, Sends to House
Wisconsin: Budget Committee Approves Raises for State Employees as Stalemate Continues
As the House and Senate are still battling over the budget, the budget committee makes a small headway.
National: Introduction of H.R. 1124: State and Local Pensions Accountability and Security Act
This federal bill, if enacted, would make it illegal for the Treasury Department to bail out failed state, city, or other municipal pensions.
National: Fitch alters pension math
California: CalPERS only internal watchdog on way out
Illinois: Could Illinois be the First State to File for Bankruptcy?
It is the only state that has not balanced its budget for two years. A big piece of the state’s indebtedness comes from the pensions. The per household pension debt is $27,000.
Pennsylvania: Pension Reform Benefits Taxpayers and Employees
Bipartisan pension reform championed by House and Senate Republicans signed by Democratic Governor Wolf.