General Fund

The Pasadena City Council will consider placing five new tax measures on the November ballot to address a widening structural deficit. The proposed taxes could generate $5 million to $30 million annually, but no tax was adopted during the July 13, 2026, meeting. The city's General Fund has been balanced using one-time funds for three consecutive years.

The Wisconsin Supreme Court ruled that the Attorney General can direct settlement funds to specific accounts within the state’s general fund, rejecting a Republican-led law requiring such money to be deposited directly into the general fund without specifying program credits. The 5-2 decision emphasized the law’s text only mandated depositing funds into the general fund, not restricting subsequent allocations to programs.

Vermont will receive $1.3 million from a multistate settlement with Cash App's parent company Block over allegations the platform failed to protect users from fraud and misled them about security. The $45 million total settlement across 46 states follows a federal $175 million agreement with the Consumer Financial Protection Bureau over similar claims.

Michigan lawmakers passed a $75.2 billion fiscal year 2027 budget after an overnight session, featuring a $14.1 billion general fund and $19.8 billion school aid budget. Governor Gretchen Whitmer praised the bipartisan effort, highlighting investments in education, housing, healthcare, and infrastructure, with the budget now awaiting her signature.

The City Council approved $10.8 million in Fiscal Year 2026 budget amendments, increasing spending on legal services, police fleet maintenance, and housing programs. The amendments add $10,806,108 in expenditures and $2,750,108 in new revenue, with the General Fund's unappropriated balance decreasing by $3.536 million.

The City Council will consider amendments to the Fiscal Year 2026 operating budget, proposing a $10.8 million increase in spending across multiple funds. The changes include additional funding for outside legal services, police fleet maintenance, and housing programs, with $2.75 million in new revenue and a projected $3.536 million decrease in the General Fund’s unappropriated balance.

Cook County has released a preliminary budget forecast for the upcoming year, projecting a $336M gap in the general fund for 2027.

The City Council is expected to adopt the Fiscal Year 2027 operating budget, which restores public health programs, establishes a $2 million reserve for a year-round homeless shelter, and transitions parking enforcement services in-house. The budget includes $383.4 million in General Fund appropriations and $1.41 billion across all city funds.

California Governor Gavin Newsom declared homelessness the state's 'calling' in 2020, but state spending on homelessness programs remains under 0.5% of the general fund, unchanged since 2020. Despite public demand for action, including 58% of voters prioritizing government improvement in 2025, homelessness spending peaked at 2.1% of the budget during the pandemic but has since fallen to 0.47% in 2026.

Virginia’s revenue forecast increased by $1.5 billion over three fiscal years, providing lawmakers more flexibility as budget negotiations remain stalled over disagreements on data center tax incentives and spending priorities. The updated projections show higher-than-expected General Fund revenues for 2026–2028, with lawmakers set to reconvene in June to finalize a budget before the June 30 fiscal deadline.