Ratings

The tax hike should provide new recurring revenue that restores structural balance after years of weak reserve levels, according to S&P Global Ratings.

Moody's Investors Service revised the outlook on its A2 rating for Yonkers, New York, to negative from stable.

A progressive income tax may not boost the state's near-junk rating unless revenue is used to address the pension problem.

Cook County, Illinois president says new taxes or fees are on table to close the shortfall.

Strong government support fueled a two-notch upgrade for the Washington D.C.’s mass transit system despite drops in ridership.

S&P upgraded the city's Lambert International Airport ahead of the sale that was the subject of a tussle between city leaders.

The new Chicago mayor traveled to New York City this week for a series of "meet-and-greets" with political and financial players.

Citing new uncertainties surrounding revenue credits, Moody's downgraded the Illinois State Toll Highway Authority ahead of a $300 million deal.

Nearly $300 million of municipal debt sold 12 years ago to expand Central New York's Destiny USA shopping mall were dropped to junk-level Ba2 by Moody's Investors Service.

A trend of selective repudiation in the manner of Platte County would be credit negative for governments using lease appropriation debt, said Moody's.