Topic
state budget
18 stories related to this topic, newest first.
calgaryherald.comfinance19 hrs ago
Union Scales Back Billionaire Tax Proposal After Ballot Qualification
A labor union reduced its proposed one-time tax on California billionaires from 5% to 2% one day after collecting enough signatures for the November ballot. Governor Gavin Newsom declined to support the revised plan, citing concerns over its design and potential effects on state…
qz.compolitics1 day agoUpdated
California Union Offers Lower Rate on Billionaire Tax Measure After Ballot Qualification
A labor union behind a proposed one-time 5% tax on California billionaires offered Thursday to reduce it to 2% if state officials back the revised plan. The offer came a day after the original measure qualified for the November ballot but did not win support from the governor.
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business23 days ago
California Diaper Program Costs 18.5 Cents Per Unit in First Year
A state program will distribute 40 million diapers to newborns at participating hospitals. The first-year budget totals $7.4 million. The administration has not released the vendor contract or bid records.
propublica.orgworld24 days ago
Alaska Lawmakers Triple School Construction Funding to $148 Million
State budget increased school construction and maintenance funds after reporting by KYUK, ProPublica and NPR. The new amount remains below total repair needs identified by state assessments.
nypost.comworld24 days ago
California Poll Shows 54% Support for Proposed Billionaire Wealth Tax
A Public Policy Institute of California survey found that 54% of likely voters back a one-time 5% levy on residents with assets above $1 billion. Labor unions say they have collected enough signatures to place the measure on the November ballot.
rove.meworld24 days ago
New York State Budget Includes Second-Home Tax and ICE Limits
The $269 billion state budget signed by Gov. Kathy Hochul adds a tax on second homes and places new restrictions on federal immigration enforcement. The measures form part of broader policy changes passed with the spending plan.
nypost.comworld25 days ago
NYC class-size compliance delay omitted from state education budget bill
A plan to extend New York City's deadline for meeting state-mandated class-size caps was expected to save the city $500 million but was not included in the state's education budget legislation. Lawmakers said the measure will be handled as a separate bill before the session ends.
New York Postbusiness25 days ago
New York state budget deal includes car insurance reforms
State officials reached agreement on insurance changes expected to reduce average driver premiums by 10 percent. The measures address fraudulent claims and limit certain damage awards. Savings are projected to appear after one to two years.
Fox Newspolitics29 days ago
California mayors oppose state rail funding plan using local tax revenue
Ten California mayors sent a letter opposing a proposal in the 2026 Draft Business Plan that would redirect local tax revenue to the high-speed rail project. The plan estimates Phase 1 costs at $126.2 billion and does not create a new tax.
The Sydney Morning Heraldworld30 days ago
Queensland Health Minister Confirms Mental Health Levy Will Continue
The state government said the $1.2 billion mental health levy will remain in place. Health Minister Nicholls stated the levy will continue to fund mental health services.
world30 days ago
Tasmanian Health Department Directed to Find $702 Million in Savings
The state budget requires the Health Department to identify $702.61 million in operational efficiencies over four years. Treasurer Eric Abetz presented the plan as part of a broader $1.47 billion reduction across government agencies.
New York Postpolitics32 days ago
New York State Budget Talks Advance With Higher Spending Total
State lawmakers began releasing text of the delayed budget package on Wednesday. The plan now totals $268.5 billion and includes a two-year extension of mayoral control over New York City schools.
realclearmarkets.compolitics33 days ago
California High-Speed Rail Project Cost Estimate Rises Above $215 Billion
Internal state documents now project the cost of the Los Angeles to San Francisco high-speed rail line at more than $215 billion. The current plan covers only 162 miles between Bakersfield and Merced.
kff.orgpolitics34 days ago
State Budget Proposal Uses Reserves to Balance Current and Next Year
A revised state budget plan balances spending for the current fiscal year and the following year through reserves and other one-time measures. Legislative analysts said the approach leaves ongoing shortfalls of about $10 billion per year starting in 2026-27.
manilatimes.netpolitics35 days ago
California Expands Transitional Kindergarten as Preschool Options Decline
State officials have expanded transitional kindergarten to serve half of all 4-year-olds. Nonprofit preschools have closed and slots for younger children have decreased.
kff.orgpolitics38 days ago
California Budget Adds Funding for Antitrust Enforcement
The revised state budget includes $14.3 million for antitrust work in 2026-27, declining to $10.5 million in 2029-30. Officials cited reduced federal enforcement as increasing the state's workload in the sector. The funding comes as state officials review a proposed merger betwee…
fastcompany.compolitics72 days ago
California Proposal Seeks One-Time Tax on Billionaires' Wealth Amid State Health Care Challenges
California faces challenges including hospital closures and rising health care costs. A proposed one-time tax targets the wealth of approximately 200 billionaires holding $2 trillion in assets. The measure aims to generate revenue for public services, drawing on examples from oth…
reason.comworld72 days ago
Wisconsin Court Hears Challenge to Act 10 Public Sector Union Reforms
Wisconsin's Act 10, enacted in 2011, limited collective bargaining rights for public sector unions. The law has faced ongoing legal challenges. A recent court hearing addresses its constitutionality, with potential implications for state finances and union operations.