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Economic Development State Budgets

McGuireWoods Consulting

Comprehensive Overview Of 2025 Illinois Legislative Session From McGuireWoods Consulting

FY 2026 Budget - SB 2510 (Welch/Sims) created the fiscal year (FY) 2026 budget appropriation bill. The budget is based on estimated general funds revenues of $55.29 billion and spending of $55.04 billion for an estimated...more

Vorys, Sater, Seymour and Pease LLP

Ohio Budget Bill Brings Significant Changes and Economic Development Focus

On June 30, 2025, Governor Mike DeWine signed Amended Substitute House Bill 96 (H.B. 96), establishing Ohio's biennial budget for State fiscal years 2026-2027 (July 1, 2025 through June 30, 2027). This comprehensive budget...more

Vorys, Sater, Seymour and Pease LLP

Material Changes Transform the Ohio TMUD Tax Credit

The new Ohio budget signed June 30, 2025 (the Budget Bill or HB 96) enacts substantial changes to Ohio Revised Code Section 122.09, the Transformational Mixed-Use Development Tax Credit (TMUD Tax Credit). The TMUD Tax...more

Cozen O'Connor

Broad Street Brief: HBSE, Comcast Acquire Market East Properties

Cozen O'Connor on

Mayor Parker Strikes Deal with DC 33 - Trash collectors and other frontline City workers will return to work after the Parker administration reached a deal with AFSCME District Council 33 early Wednesday morning. The...more

Bricker Graydon LLP

Economic Development Changes Abound in Ohio’s Operating Budget Bill

Bricker Graydon LLP on

For those considering state government jobs after college or graduate school, certain opportunities often come with the informal – but widely known – warning: this can be a hard job during the state’s biennial budget drafting...more

McCarter & English, LLP

New Jersey Enacts FY 2026 Budget: Key Takeaways

New Jersey has enacted its Fiscal Year 2026 budget, with the Legislature passing a $58.78 billion spending plan ahead of the July 1 constitutional deadline. The final budget reflects an increase of approximately $727 million...more

Akerman LLP - HR Defense

New York City's Commercial Real Estate Tax Industrial and Commercial Abatement Program Extended to 2030 With Modifications

The New York City Industrial and Commercial Abatement Program (ICAP) has been extended to remain in effect through 2030, with some modifications. The New York state budget bill for FY 2026, signed by Governor Kathy Hochul on...more

Cozen O'Connor

Pennsylvania Perspective for Monday, June 23, 2025

Cozen O'Connor on

Budget Talks Intensify as Lawmakers Debate Tax Reform, Transit Funding, Marijuana Legalization - As Pennsylvania’s June 30 budget deadline approaches, the future of several of Governor Josh Shapiro’s (D) proposals—including...more

Cozen O'Connor

Broad Street Brief: City Council Passes FY26 Budget, HOME Bills

Cozen O'Connor on

City Council Passes FY26 Budget, HOME Bills- During their final meeting before summer recess, the City Council passed a staggering 58 bills, including the FY26 Capital and Operating Budgets, business and wage tax cuts, and...more

Cozen O'Connor

Broad Street Brief Special Edition: Council Approves FY26 City Budget

Cozen O'Connor on

On the evening of Thursday, June 5, the Philadelphia City Council granted preliminary approval to several bills related to Mayor Cherelle Parker’s $6.8 billion FY26 City Budget with minimal changes to the initial proposal,...more

McCarter & English, LLP

Economic and Clean Energy Leadership in New Jersey—FY 2026 Budget Testimony Highlights

Last week, Tim Sullivan, CEO of the New Jersey Economic Development Authority (NJEDA), and Christine Guhl-Sadovy, president of the New Jersey Board of Public Utilities (BPU), presented their fiscal year (FY) 2026 budget...more

Baker Donelson

The 114th General Assembly Adjourns First Regular Session: An Overview

Baker Donelson on

The first regular session of the 114th General Assembly began on January 14, 2025. The next day, Governor Bill Lee announced an extraordinary or "special" legislative session to address educational scholarship program...more

Cozen O'Connor

Illinois Insights Special Edition: 2025 Budget Address Recap

Cozen O'Connor on

On Wednesday, February 19, Governor J.B. Pritzker delivered his seventh annual Budget Address to a joint session of the General Assembly, where he unveiled his $55.2 billion FY26 Executive Budget - marking an approximately $2...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - Legislative Day 15 - February 2025

Children and other fans of heavy machinery were delighted on Tuesday as landowners and representatives of forest industries descended on the Georgia State Capitol for Forestry Day at the Capitol. With them, they brought two...more

Cozen O'Connor

Pennsylvania Perspective Special Edition: 2025 Budget Address Recap

Cozen O'Connor on

On Tuesday, February 4, Governor Josh Shapiro delivered his third annual Budget Address to a joint session of the General Assembly, where he unveiled his $51.47 billion FY26 Executive Budget — marking an approximately 7.5%...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - Legislative Day 5 - January 2025

As the world reacted to the shove heard round the world, the General Assembly kept a low profile on Friday. Convening an hour earlier than the Senate, the House gaveled in and out before senators even made it to their desks....more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (1/15)

Cozen O'Connor on

“Illinois doubled private investments in the state, as well as investments in clean energy, and quadrupled the number of retained jobs in 2024, the Illinois Department of Commerce and Economic Opportunity said this week....more

BakerHostetler

[Podcast] The Cloakroom with Peter Roskam: Featuring Congresswoman Ashley Hinson, R-IA

BakerHostetler on

Former Congressman Peter Roskam, who leads BakerHostetler’s Federal Policy team, provides listeners with a front-row seat to the most important policy and political debates in Congress. In this episode of “The Cloakroom with...more

McGuireWoods Consulting

North Carolina Politics in the News - June 2024 #3

ECONOMIC DEVELOPMENT - ABC 11: NC’s Rural Infrastructure Authority approved 20 grant requests, totaling to over $8M Over 800 new jobs are coming to rural communities across North Carolina. The state’s Rural Infrastructure...more

Bricker Graydon LLP

All Ohio Future Fund Details Begin to be Defined

Bricker Graydon LLP on

Eagerly anticipated details on the All Ohio Future Fund (Fund) are beginning to come to light. Ohio’s Office of Budget and Management (OBM) has scheduled a hearing December 11th on proposed rules for the Fund, which underwent...more

Bricker Graydon LLP

Mapping a Pathway to Successfully Access New All Ohio Future Fund Opportunities

Bricker Graydon LLP on

The Ohio General Assembly, in its budget bill (HB33) approved July 3, 2023, tabbed $707 million in state budget resources to the All Ohio Future Fund (R.C. 126.62). (This amount includes $40 million appropriated in state...more

McGuireWoods Consulting

NC Politics in the News - October 2023

Economic Development - YES WEEKLY: Mayor Joines and Rep. Donny Lambeth Announce $35 Million State Appropriation to Support Economic Development in Winston-Salem - Mayor Allen Joines and Rep. Donny Lambeth announced...more

Maynard Nexsen

2023 South Carolina Legislative Session Recap

Maynard Nexsen on

2023 South Carolina Legislative Session Recap - The 2023 South Carolina Legislature adjourned Sine Die in June, ending the first year of a two-year session. Several important legislative initiatives were adopted that made...more

Akerman LLP

Extension of Incentive Programs in New York State’s 2024 Budget

Akerman LLP on

On May 1, 2023, the New York State Legislature voted to adopt the Fiscal Year 2024 budget which included the renewal and extension of the sunset date of five programs that abate real estate taxes, reduce commercial rent tax,...more

McGuireWoods Consulting

NC Politics in the News - April 2023

Economic Development - BUSINESS NORTH CAROLINA: Kelly King-led effort seeks $50M in state funding to launch innovation effort - North Carolina lawmakers and Gov. Roy Cooper have proposed that the state give $50 million...more

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