Latest news with #statelegislation
CBS News
20-05-2025
- Business
- CBS News
2026 Maryland budget among bills being signed into law by Gov. Moore
Maryland's 2026 budget will be among more than 160 bills that will be signed into law Tuesday by Gov. Wes Moore. The nearly $67 billion spending plan was crafted to address the state's $3 million deficit and the impact of federal funding cuts. What does Maryland's 2026 budget include? The 2026 state budget includes about $1.8 billion in tax and fee increases. It includes the largest amount of cuts to state spending in 16 years. Gov. Moore has been vocal about his plan to increase taxes for the highest earners in the state. His budget will create two new tax brackets: One for those who make $500,000 per year and another for those who make $1 million per year. Under the budget, residents who make $500,000 will be taxed at 6.25% and those who make $1 million will be taxed at 6.5%. Low- and middle-income residents will see tax breaks under the 2026 budget. The budget will also create a new 3% tax on IT services and increase taxes on cannabis and sports betting. Lawmakers agreed to make about $2.3 billion in cuts from the 2026 budget. "Because of our emphasis on growth, our biggest framework will emphasize spending cuts over tax increases," Gov. Moore said. 164 new bills signed into Maryland law On Tuesday, Gov. Moore will sign a total of 164 bills into Maryland law, including a few that focus on the rising cost of energy in the state. For example, the Renewable Energy Certainty Act will allow for the construction of solar energy generating systems and will launch a Power Plant Research Program to propose site and design requirements. The Next Generation Energy Act will also be signed into law on Tuesday, allowing the Department of Housing and Community Development to issue loans and grants aimed at reducing greenhouse gas emissions from residential buildings. The law will also require the Maryland Energy Administration to work with neighboring states and federal agencies to develop new nuclear energy stations. The governor will also sign the Lowering Prescription Drug Costs for All Marylanders Now Act, a law that will expand Maryland's Prescription Drug Affordability Board and allow it to determine ways to lower drug prices. One of the bills signed Tuesday focuses on immigration laws in the state. The Maryland Values Act prevents federal law enforcement from carrying out immigration actions at sensitive locations such as schools and libraries. The law, which will go into effect on June 1, 2025, will also require the attorney general to develop guidelines for immigration enforcement at sensitive locations.
Yahoo
16-05-2025
- Business
- Yahoo
Nebraska lawmakers pass $11B budget for next two years
LINCOLN, Neb. (KCAU) — Nebraska state lawmakers passed the $11 billion mainline budget for the next two years. Legislators voted 37 to 11 with 1 not voting on LB 261 with an emergency clause. The bill would appropriate funds for the biennium ending on June 30, 2027. State senators also voted 35 to 12 with 1 not voting on LB 264 with an emergency clause. The measure would provide, change, and get rid of transfers from the cash reserve fund to help balance the budget. Story continues below Top Story: Iowa lawmakers issue statements marking end of 2025 legislative session Lights & Sirens: Woman, accused of deadly stabbing in Monona County, submits plea Sports: Northwestern softball eliminated from NAIA Tournament with 10-2 loss to Marian Weather: Get the latest weather forecast here I commend the Nebraska Legislature for its work in passing a balanced and historically conservative 2025-2027 biennial budget package. Nebraskans expect us to reduce government spending, invest in our kids, and lower property taxes. I thank the Legislature for rolling back expanded spending, putting idle pillowcase money to work, and having the courage to say no to more spending increases. This budget puts money toward education, property tax relief, elimination of the developmental disability waitlist, and bolsters our national nuclear security, all while closing the $432 million deficit reported in November. With this balanced budget, we have the opportunity to make further investments in addressing our property tax crisis. I look forward to working with the Legislature in the coming weeks to do the right thing for Nebraskans. Nebraska Governor Jim Pillen The Nebraska Examiner reports there's about a $1.1 million wiggle room in the budget. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
09-05-2025
- Business
- Yahoo
State lawmakers pass budget
May 8—ALBANY — The New York state budget has passed — lawmakers in the state Assembly and Senate wrapped up voting on the $254 billion state spending plan late Thursday night. In a series of nine bills, the state legislature and Gov. Kathleen C. Hochul agreed on a wide-ranging array of policy and spending goals, putting a billion dollars into environmental issues and funding public school districts at a record-high level, while also expanding the use of involuntary commitment to mental hospitals for people living on the streets and adjusting the rules around discovery in criminal trials. The legislature also moved to give Hochul near-unilateral power to cut up to $2 billion from the spending plan, with the legislature retaining the option to come back to Albany and reverse the cuts if they so choose. Albany flaks and lawmakers widely agreed — this year's budget process was a weird one. Speaker of the Assembly Carl E. Heastie said in February that the budget was among the best executive budgets he had ever seen, although he was only cautiously optimistic about negotiations on the final product. "The hell is in the details," the speaker said at the time. The state budget in Albany is frequently critiqued for being negotiated largely in private, between essentially three people; the governor, the Senate majority leader and the speaker. Sen. Mark C. Walczyk, R-Sackets Harbor, calls it "three Democrats in a room," frequently on social media. And for months, those three people and their staff members debated a handful of policy issues to be included in the state spending plan. Because the state budget requires that the governor initiate the legislation and court decisions have given the executive significant power over the budget, governor's for years have pushed their policy agendas mainly through the state budget process. Hochul has chosen to fight, this year, for changes to discovery rules, involuntary commitment to mental hospitals, a cell phone ban in schools, a criminal face mask ban, and an "inflation refund check," as well as a late-introduction ask for power to choose her lieutenant governor pick for the party primaries and an adjustment to the rules around hiring state prison security staff and early release for a limited group of incarcerated people. She was largely successful on those goals, although Hochul's efforts to get changes to the discovery rules was watered down by lawmakers last-minute, even as Hochul and her chief counsel outlined the final agreement as a win on her terms. That wasn't apparently the whole picture, and the ultimate legislation now in place falls far short of where Hochul and her team had outlined it on April 28. Hochul outlined a plan that would have essentially taken the dismissal of a case off the table as a penalty for when prosecutors failed to turn over evidence in a timely manner, and state rules on speedy trials were also being violated. But the language now in law keeps dismissal on the table in those cases — when a judge finds the prosecutors did fail to turn over evidence. But lawmakers did agree to language that would expand the use of involuntary commitment for people deemed unable or unwilling, because of mental illness, to provide for their own shelter, food, clothing or medical care. The state will also send $200 to $400 checks to about 8.2 million New Yorkers, a slightly watered down version of Hochul's "inflation refund checks" plan outlined in January. Her ask to cut the middle-class tax rate has also been deferred by a year. Democrats lauded the budget after it passed as a commitment to families and average New Yorkers. Heastie pointed to the inclusion, last minute and after Gov. Hochul had said it wouldn't happen, to pay off the state's roughly $7 billion debt to the federal unemployment system, largely left over from the pandemic which resulted in higher costs for businesses who pay into the unemployment system. "This budget invests in our people and in our state," Heastie said in a statement. "While the federal government proposes policies that are causing economic insecurity and worries about the future, we are fighting to support our small businesses, put money back into the pockets of hardworking families and invest in programs that will allow our children to reach their full potential. After it passed, state Republicans largely hammered the budget plan for its size, the policy inclusions and its tardyness. Assembly Minority Leader William A. Barclay, R-Pulaski, hammered the agreement in a statement. "Most of the policies that held up budget talks for more than a month represent small steps when comprehensive action was needed. Actions to address involuntary commitment, discovery reform and the statewide mask ban could have gone further, and hopefully they will do so in the future," he said. Assemblyman Scott A. Gray, R-Watertown, had a more bipartisan take on the budget; he voted in favor of most of the appropriations bills and two of the policy-laden bills. He approved of the bills that increased school funding and enacted universal free school meals for legislators, as well as the bill that included a move to allow some school districts to delay the 2032 deadline to fully electrify their school bus fleets. Gray also said he approved of the discovery changes, which he said will help to streamline criminal cases and reduce the number of cases dismissed based on technical mistakes. He voted down on four of the nine budget bills, including the bill that allows for the closure of 3 state prisons next year, the mental hygiene law that expanded involuntary commitment, and the transportation, economic development and environmental protection. "While the overall budget is larger than I'd like, I won't vote 'no' just because my job is to do a deeper dive into these bills and see what they deliver for the north country and all New Yorkers," Gray said. "This budget is imperfect, but it includes important initiatives that benefit our communities. I supported the measures that responsibly invest in our future and opposed those that went beyond what I believe is prudent."
