Forty-six states began fiscal year 2021 on July 1, 2020. New York began its fiscal year on April 1, Texas begins its fiscal year on Sept. 1, and Alabama and Michigan begin theirs on Oct. 1. As of July 1, 42 states had enacted budgets for FY 2021. Sixteen of those states enacted a biennial budget during their 2019 legislative session. Due to the effects of COVID-19 on state fiscal circumstances, five states have temporary spending plans in place, and New Jersey has extended its fiscal year through Sept. 30.