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). Over the coming months, governors in 33 states will propose a new budget for fiscal 2023. 30 states will approve a one-year budget for fiscal 2023, while 3 states (Kentucky, Virginia, and Wyoming) will consider a two-year budget for fiscal 2023 and fiscal 2024. Seventeen states previously enacted a biennial budget for both fiscal 2022 and fiscal 2023; in some of these states, the governor will propose a revised or supplemental budget.
NASBO staff will continue to update this page as governors propose budgets for fiscal 2023. Click here for prior summaries on proposed and enacted budgets.