News & Analysis as of

Budget Cuts State and Local Government

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (7/2)

Cozen O'Connor on

Gov. JB Pritzker taps Christian Mitchell as lieutenant governor pick in campaign for third term - “Christian Mitchell, a former South Side state representative and deputy governor-turned-University of Chicago executive,...more

Fox Rothschild LLP

Will Proposed Cuts to EPA’s Budget Impact EPA’s PFAS Action Plan?

Fox Rothschild LLP on

The White House Office of Management and Budget (“OMB”) sent President Trump’s recommendations for the fiscal year 2026 budget to the Senate Appropriations Committee on May 2, 2025. The proposal includes significant cuts to...more

McCarter & English, LLP

FY 2026 Department of Community Affairs Budget Testimony

On Monday, April 21, 2025, Commissioner Jacquelyn Suárez of the New Jersey Department of Community Affairs (DCA) testified before the Assembly Budget Committee, outlining the department’s strategies to navigate projected...more

Cozen O'Connor

Pennsylvania Perspective for Monday, April 21, 2025

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Gov. Shapiro Orders Flags to Half-Staff in Honor of Pope Francis- Governor Josh Shapiro (D) has ordered U.S. and Commonwealth flags to be flown at half-staff across Pennsylvania in honor of Pope Francis, who passed away...more

Cozen O'Connor

Broad Street Brief: City Council Talks Land Bank, SEPTA Support

Cozen O'Connor on

Mayor Parker's Housing Plan Relies on $800M in Bonds- Mayor Cherelle Parker’s Housing Opportunities Made Easy (HOME) Initiative aims to build or preserve 30,000 housing units in Philadelphia, primarily funded through $800...more

Faegre Drinker Biddle & Reath LLP

Amid Deteriorating Budget Picture, Divided Minnesota Legislature Faces Difficult Budget Negotiations

Minnesota’s budget and economic outlook for the next two years has deteriorated amid “significant near-term economic and fiscal uncertainty” according to Minnesota Management and Budget’s latest budget forecast. The state’s...more

Pillsbury Winthrop Shaw Pittman LLP

Taxmageddon: What to Expect under Trump 2.0 and a GOP-Led Congress

With the Trump administration and a Republican-controlled Congress now in office, significant changes to the U.S. economic landscape and tax policy are expected. Indeed, legislation to change tax policy and to implement...more

McGuireWoods Consulting

Gov. J.B. Pritzker Proposes Illinois 2026 Fiscal Year Budget

On Feb. 19, 2025, Gov. J.B. Pritzker gave his annual State of the State and budget address. He outlined priorities for the state of Illinois in fiscal year 2026 while highlighting the state’s fiscal successes under his...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (2/5)

Cozen O'Connor on

Illinois House Republicans demand Pritzker cut migrant services - “Illinois House Republicans want to cut migrant services as a way to handle the budget deficit facing Illinois. The state is looking at a $3.2 billion budget...more

Winthrop & Weinstine, P.A.

Legislative Top 5 - January 2025 #3

Impact of Minnesota Supreme Court Quorum Decision - Last Friday, the Minnesota Supreme Court weighed in on the question of whether 67 or 68 members of the House of Representatives are needed to constitute a quorum,...more

Cozen O'Connor

Pennsylvania Perspective for Thursday, January 9, 2025

Cozen O'Connor on

New Legislative Session Begins- Pennsylvania lawmakers began the 2025-26 legislative session this week, with Rep. Joanna McClinton (D-Philadelphia) reelected as House Speaker, securing the position with bipartisan support...more

Cozen O'Connor

New York Note – Cancelled Budget Cuts, Noncitizen Voting Bill, Congressional Maps, Who’s Who in Budgeting and Finance

Cozen O'Connor on

Mayor Adams announced that the next round of agency budget cuts, which was expected for April, has been cancelled. Adams originally announced three rounds of budget cuts planned for November 2023, January 2024, and April...more

Cozen O'Connor

New York Note – November Plan, City Legislation, Clean Slate Act, 2023 Women 100

Cozen O'Connor on

Mayor Releases November Plan with $314M in Cuts- Last Thursday, Mayor Adams released the City’s November 2023 Financial Plan Update (the Plan). The Plan contains total funding of $110.5 billion for Fiscal Year 2024, which...more

Bricker Graydon LLP

Gov. DeWine announces 2020 fiscal year reduction in budget expenditures

Bricker Graydon LLP on

On May 5, 2020, Governor DeWine announced a reduction of $775 million in General Revenue Fund (GRF) expenditures for the remainder of the 2020 fiscal year. Tax receipts were lagging due to declining economic activity caused...more

Holland & Knight LLP

Tax Reform Changes to Healthcare

Holland & Knight LLP on

Following a final vote in the U.S. House of Representatives on Wednesday morning, Dec. 20, 2017, Congress sent the Tax Cuts and Jobs Act (H.R. 1) to President Donald Trump's desk. In addition to extensive revisions to the tax...more

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