By Erica Michel and Todd Haggerty
Lawmakers in Massachusetts and Pennsylvania might be burning the midnight oil this weekend. Those are the only two states where the legislature has yet to pass a budget before the start of the new fiscal year, which begins July 1.
- View NCSL’s FY 2015 budget status map.
In Massachusetts, members of the House and Senate are meeting in conference committee to resolve differences in their passed budgets. The legislature is on track to finish the budget on-time, and you can keep tabs on the bill as it moves through the process on the Massachusetts General Assembly website. In Pennsylvania, lawmakers are working to resolve their differences on pension reform, tax increases and privatizing the state’s liquor stores.
While Massachusetts and Pennsylvania work to finalize their budgets, their colleagues in Delaware, Illinois and New Jersey await gubernatorial action on their respective budgets. True to tradition, Delaware’s governor will likely sign the budget into law around midnight on June 30. In Illinois, the governor is set to sign the budget bills in early July. And in New Jersey, Governor Chris Christie has indicated that he will veto several items relating to pension funding and tax increases included in the budget passed by the legislature yesterday.
- Learn more about what happens when state budgets are late and how states try to encourage an on-time budget.
With just a few states left to pass their budgets, it’s time to start planning our Fiscal New Year’s Eve parties!
Erica Michel and Todd Haggerty cover state budget issues for NCSL’s Fiscal Affairs Program