Overview
Over the coming months, governors in 47 states will propose a new budget for fiscal 2024. Thirty states will approve a one-year budget for fiscal 2024, while 17 states will enact a two-year budget for fiscal 2024 and fiscal 2025. Three states (Kentucky, Virginia, and Wyoming) previously enacted a biennial budget for both fiscal 2023 and fiscal 2024 and may consider a revised or supplemental budget. 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).