FY 2025 State Budget Update – October 18, 2024

October 18, 2024
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As of October 18th, 50 states have enacted a budget for FY 2025. Sixteen of those states enacted a biennial budget during their 2023 legislative session.

  • Forty-six states began fiscal year 2025 on July 1.
  • New York began its fiscal year on April 1.
  • Texas begins its fiscal year on September 1.
  • Alabama and Michigan begin their fiscal year on October 1.

A full list of states and budget information can be accessed below.