Governors in 34 states released a fiscal 2023 budget proposal. Last year, 16 states enacted budgets covering both fiscal 2022 and fiscal 2023; in seven of those states, governors released a supplemental or revised budget recommendation for fiscal 2023. The remaining nine states did not release a new or revised budget proposal for fiscal 2023. 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).
As of July 28, all states have finalized their budget for fiscal 2023.