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, 33 states will enact a new budget for fiscal 2021, while 17 states previously enacted budgets covering both fiscal 2020 and fiscal 2021; some of the 17 states that previously enacted a two-year budget will consider a revised budget this year. In addition, of the 33 states approving a new budget, 3 will authorize a two-year budget covering both fiscal 2021 and fiscal 2022.
As of May 18, 32 states have enacted a budget for fiscal 2021, including the 17 states that previously enacted a two-year budget. Additionally, in several states the legislature has finalized the budget and the governor is currently reviewing the bill.
NASBO staff will continue to update this page as states enact budgets for fiscal 2021.