Tag: fiscal_year_2026
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Virginia Reports Nearly $1 Billion Fiscal Year 2026 Budget Surplus
Virginia Governor Abigail Spanberger announced a $936.3 million general fund surplus for Fiscal Year 2026, with revenues growing 6.7%. The surplus will fund education, healthcare, and public safety, reflecting sound budgeting and a cautious approach to volatile revenue streams.
Politics and GovernmentBusinessHealthGeneral PoliticsState GovernmentsEconomyEducationLaw Enforcement VirginiaAbigail SpanbergerFiscal Year 2026Budget SurplusGeneral Fund RevenuesTax ReceiptsGovernment FinanceReston
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Kentucky Achieves Seventh Consecutive Budget Surplus, Governor Urges Funding Restoration
Kentucky reports its seventh straight budget surplus for FY26, exceeding estimates by $476.6 million. Governor Beshear calls on the General Assembly to use the unexpected revenue to restore funding for critical state programs.
Politics and GovernmentBusinessHealthState GovernmentsEconomySocial IssuesGeneral Politics KentuckyBudget SurplusAndy BeshearGeneral AssemblyFiscal Year 2026MedicaidKentucky Governor's Office
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Nebraska's May Net Receipts Fall Below Forecast, Fiscal Year Shows Growth
Nebraska's May net receipts were $511 million, 7.8% below forecast, due to higher refunds. Fiscal year 2025-26 net receipts hit $6.067 billion, 10.7% higher than the prior year, despite being 2.9% below the revised forecast.
Politics and GovernmentBusinessUSAGeneral PoliticsState GovernmentsEconomy NebraskaGeneral Fund ReceiptsTaxationFiscal Year 2026Revenue ForecastJames R. KammGovernment Finance
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Virginia General Fund Revenues Up 6.5% Through May, Exceeding Forecasts
Virginia's General Fund revenues grew 6.5% year-over-year through May, exceeding forecasts by 2.9%. Governor Spanberger announced the strong position for a surplus, while acknowledging inflationary concerns and directing a new forecast for future budget planning.
Politics and GovernmentBusinessState GovernmentsEconomyGeneral PoliticsEmployment and Labor VirginiaGeneral Fund RevenuesGovernor Abigail SpanbergerFiscal Year 2026Economic ForecastInflationState BudgetReston