Overview
Governors in 47 states, Guam, and the District of Columbia have proposed a new budget for fiscal 2024. Thirty states will approve a one-year budget for fiscal 2024, while 16 states will enact a two-year budget for fiscal 2024 and fiscal 2025. Kentucky, Virginia, and Wyoming previously enacted a biennial budget for both fiscal 2023 and fiscal 2024; the governors of Virginia and Wyoming have proposed revisions to their current biennial budgets. Forty-six 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).