As of August 10, two states with a July 1 fiscal year start date have not yet completed a full-year budget for fiscal 2020. In both New Hampshire and North Carolina the governor vetoed the budget bill. Michigan's legislature has not yet finalized the budget but the state's fiscal year does not begin until October 1. Below is additional information on the states that have yet to enact a full-year budget for fiscal 2020:
- Michigan – The legislature has not finalized the budget yet. However, the state fiscal year does not begin until October 1.
- New Hampshire – The governor vetoed the budget on June 28. A continuing resolution has been approved through October 1.
- North Carolina – The governor vetoed the budget on June 28. State law allows spending to continue at current levels until a new budget is enacted.
46 states begin their fiscal year on July 1 (New York begins its fiscal year on April 1, Texas on September 1, and Alabama and Michigan on October 1). Governors in 47 states proposed new budgets for fiscal 2020 (30 states will enact an annual budget, while 17 states will enact a biennial budget covering both fiscal 2020 and fiscal 2021). Last year, 3 states enacted budgets covering both fiscal 2019 and fiscal 2020.
Please click here for links to proposed and enacted budgets, as well as budget summaries.