Multistate Associates Blog State Budgets 101 (Plus Key States to Watch)

State budgets follow a general process starting with governors' executive budgets (typically released December to January), followed by legislative introduction and committee discussions, with state-specific timelines and deadlines. California, Texas, and Florida have upcoming budget deadlines in May through June 2025, with various stages of legislative review currently underway and specific requirements for passage. New York has already missed its April 1 deadline, requiring three budget extenders, while Illinois faces a June 15 deadline with special majority requirements if passed after May 31. Virginia is working through amendments to its biennial budget, with Governor Youngkin's proposals largely rejected by legislators, while Washington and Maryland are in the final stages of legislative review and committee reconciliation.