GOP say budget to repeal Snyder moves will create deficit.

The Senate budget would spend $29.5 billion over two years, ending with $2.5 billion in reserves, and would include a 3 percent cut to the state income tax.

Impending changes in Governmental Accounting Standards Board standards in 2014 and 2015 should increase public pressure on decision-makers to reform state and local government pension plans, according to a report from Fitch Ratings.

New Mexico's state workers and educators are in line for their first across-the-board pay increase in four years under a nearly $5.9 billion state budget signed into law Friday by Gov. Susana Martinez.

A growing number of fiscal watchdogs in Washington and Albany are not among the cheerleaders. They are raising serious questions about several budget "gimmicks" Gov. Cuomo omitted from his power point presentation.

The buzz in Columbus is that Kasich's school funding plan - under construction over the past two years -- will be dumped by his fellow Republicans in control of the legislature when a slew of budget amendments are unveiled on Tuesday.

There's about a month and half left in the 2013 Illinois state legislative session and lawmakers have not yet agreed on solution to solve the state's pension crisis. Illinois State Treasurer Dan Rutherford says he's not worried just yet.

State Senate Democrats helped pass a budget Friday they didn't much like. With the GOP driving the process, Democrats are working to bargain for what they can.

Connecticut state legislators are now turning their attention to another major issue: solving a state budget deficit that is projected to be near $1 billion in each of the next two years.

The House plan boosts state spending across the board by 7 percent.

New Jersey could face a revenue shortfall of more than $637 million by next June, according to one analysis.

The Hawaii state Senate has approved a $24 billion budget for the next two fiscal years, setting up talks with the House to work out differences in the proposals that both fall short of what the governor wants.

A Democratic plan to curb retirement benefits for government workers could reach Oregon Gov. John Kitzhaber's desk by the end of next week.

Gov. Steve Beshear signed House Bill 440, which includes approximately $100 million in new tax revenue that is supposed to go to the ailing pension system. He also signed Senate Bill 2, which includes moving new state employees to a new cash-hybrid 401(k)-type plan and improves oversight of the state pension system.

Gov. Deval Patrick's administration warned on Wednesday of state budget cuts and significant increases in transportation charges if legislators are unwilling to embrace a larger tax hike than the one being offered by leaders of both branches.

The GOP-led state Senate issued its budget proposal Wednesday, highlighting $1.2 billion in "spending constraints and savings" and no new taxes - a different approach from Gov. Jay Inslee's.

Read Bob Williams' statement on the court's decision permitting the city of Stockton, CA to file for bankruptcy protection. Find our coverage of municipal bankruptcy and how other CA cities have avoided bankruptcy.

Wilshire Consulting estimates that the ratio of pension assets-to-liabilities, or funding ratio, for all 134 state pension plans was 73% in 2012, down from an estimated 77% in 2011. This deterioration in funding ratio was fueled by global stock market volatility in the twelve months ending June 30, 2012. Growth in fund assets could not keep up with growth in plan liabilities over fiscal 2012.

They are tasked with patching a projected deficit of more than $1.2 billion for the next two-year budget ending in mid-2015.

Illinois had to pay a premium to sell some of its $800 million in municipal bonds Tuesday, a little more than two months after a credit-rating downgrade saw the state postpone a similar sale.