The House and Senate, working with the Administration, need to adjust assumed FY 2022 tax collections and determine how that adjustment will impact the budget and the state’s fiscal health.  This bulletin examines likely tax upgrade scenarios...

The United States Treasury recently released guidance concerning fiscal recovery funds (FRF) provided to states, counties and municipalities that were authorized in the American Rescue Plan. The guidance provides critical details on eligible uses for...

Today, the Senate completed three days of debate to finalize its fiscal year (FY) 2022 budget.  After adding $63.7 million in additional spending and 83 new policy sections, the Senate and House budgets will now be reconciled through conference...

A breakdown of the 923 Senate amendments to the FY 2022 budget

Today, as part of its action on COVID-19 emergency leave legislation, the House acted to address the steep increase in the solvency assessment that employers pay as part of their Unemployment Insurance premium.

The Senate Committee on Ways and Means (SWM) released its fiscal year (FY) 2022 budget today totaling $47.19 billion. Senators now have a chance to offer amendments. The plan will be debated and amended by the full Senate in two weeks and then...

Earlier today, the House completed three days of budget debate to finalize their fiscal year (FY) 2022 budget. This Bulletin summarizes notable changes made to the House Ways and Means (HWM) proposal and looks ahead to key issues to watch when the...

Today, the House Committee on Ways and Means (HWM) released its $47.6 billion spending plan for fiscal year (FY) 2022. House members will file amendments to the budget in the coming days, with debate scheduled for the week of April 26th. This...

The American Rescue Plan Act of 2021, which became law when President Biden signed H.R. 1319 on March 11, will provide approximately $350 billion to state and local governments to mitigate the economic impact of the pandemic. Section 602(c)...