Proposed & Enacted Budgets

Overview

Governors in 31 states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands will propose a new budget for fiscal 2027 for consideration during 2026 legislative sessions, while governors in three states (Kentucky, Virginia, and Wyoming) will propose biennial budgets for both fiscal 2027 and fiscal 2028. Last year, 15 states enacted biennial budgets for fiscal 2026 and fiscal 2027 while North Carolina enacted a partial budget; in some of these states the governor may propose a 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). Puerto Rico begins its fiscal year on July 1, while the District of Columbia, Guam, and the U.S. Virgin Islands begin their fiscal year on October 1.

Budget Summaries & Links

Click on a state below to view fiscal 2027 budget summaries prepared by NASBO staff (once available), links to proposed/enacted budgets and more details about their budget processes (as reported in NASBO’s Budget Processes in the States). You may also view prior fiscal year summaries on proposed and enacted budgets.

Please note the fiscal 2027 proposed budget summaries are only intended to detail the governor’s original budget proposal, and may not reflect subsequent revisions or amendments to those proposals. 

Recent Resources

FY26 Enacted Budget Summaries

Issue Brief

States Finalize Fiscal 2026 Budgets Amid Tightening Conditions 
Budget Blog

FY26 Proposed Budget Summaries
Issue Brief 

Prior Year Budget Summaries

*States marked with an asterisk enacted two-year budgets in 2025 covering FY 2026 and FY 2027. Some of these states may propose and enact supplemental budgets, and this page will be updated as those are released.

For states with an enacted budget, the date of enactment (date signed by the governor) is listed below. Where “Yes” is listed instead of a date, this indicates the state has an enacted budget, but the date of enactment is either unknown or the state’s budget is comprised of multiple bills enacted on multiple dates.