Budget

Matt Markgraf / WKMS

The Marshall County Fiscal Court is divided over a funding cut for nonprofits in the next budget. Attempts to raise the cap were unsuccessful in a meeting Wednesday afternoon.

Matt Markgraf / WKMS

McCracken County is considering putting CASA and other nonprofit groups that receive local government grants “on notice” as the county grapples with ever-tightening purse strings.

USER Henryk Sadura 123rf Stock Photo

 The Illinois House has approved a $38.5 billion state budget for the year that begins July 1.

Gina Crider

Teachers in west Kentucky are rallying in Murray on Friday for public education funding.

Anne Kitzman, 123rf Stock Photo

Kentucky’s Republican-led legislature has passed a new two-year state budget that cuts much of state government in order to put more money into the state’s ailing pension systems.

Alexey Stiop, 123rf Stock Photo

The Republican-led Kentucky House of Representatives is set to consider a budget bill that exempts some of state government from spending cuts proposed by Gov. Matt Bevin earlier this year.

Updated at 4:52 p.m. ET

Senate leaders reached a bipartisan budget agreement to increase military and domestic spending levels for two years, paving the way for the first long-term spending pact since President Trump took office.

The White House and House Speaker Paul Ryan quickly declared support for the pact, helping pave the way for its passage by the end of the week, despite opposition from fiscal hawks and liberal Democrats.

Alexey Stiop, 123rf Stock Photo

Now that Governor Bevin has offered his two year budget for review, the state’s 138 lawmakers will begin their work, culminating with floor votes in each chamber.

Updated 4:30 p.m. ET, Oct. 29

For some Republicans, the tax overhaul would taste better with SALT.

The House GOP narrowly passed a budget resolution this week, taking an important first step on the path to overhauling the tax code.

But 11 GOP lawmakers voted against the measure out of concern the tax bill would eliminate the deduction for state and local taxes, or SALT. That tax break is especially popular — and valuable — in high-tax states such as New York, New Jersey and California.

Updated at 1:45 p.m. ET

Congress has approved a joint budget resolution, a critical step to paving the way for major tax legislation later this year.

The Senate-approved resolution passed the House narrowly on Thursday, 216-212, with 20 Republicans voting no and House Speaker Paul Ryan, R-Wis., even having to cast a rare vote to help ensure its passage.

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