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The budget has become a bone of contention between the mayor and city council members.

Holders of $113 million of Dallas County Schools debt will be made whole within five years.

A majority of states leverage their revolving funds to issue municipal bonds to finance local projects.

Municipal bonds were mixed on Thursday as a New York issuer competitively sold $1.6 billion of notes.

A conservative budgeting approach in the wake of severe fiscal distress led S&P Global Ratings to revise its outlook to positive.

The city has finalizeda consulting contract with an advisory team for a possible airport lease.

A ballot measure in November will ask voters to reverse the tax increase and construction package lawmakers approved in 2017.

The $425 million bond measure would pay to strengthen a seawall and protect against earthquake and flood risk.

The state Supreme Court's reaffirmation of a 2015 pension overhaul settlement is credit positive for Rhode Island, according to Moody's.

Municipals qwere mixed a day after the Federal Reserve raised interest rates while in the primary, a New York issuer competitively sold $1.6 billion of notes.

A ballot measure to split California into three states qualified for the state's November ballot.

Business inventories in April rose 0.3%, as expected data released by the Commerce Department showed.

Chicago Mayor Rahm Emanuel's administration and The Boring Company will begin contract negotiations on a high-speed tunnel system.

Philadelphia City Controller Rebecca Rhynhart discusses her election victory last year knocking off a longtime incumbent along with some of the city’s most pressing fiscal issues including a controversial soda tax and whether to continue providing abatements on new construction. Andrew Coen hosts.

Import prices rose 0.6% in May, while export prices also gained 0.6%, the Labor Department reported.

Initial jobless claims fell 4,000 to 218,000 in the latest reporting week, the Labor Department reported.

Retail sales rose 0.8% in May overall and 0.9% excluding motor vehicle sales, well ahead of analysts' expectations, the Commerce Department reported.

Only nine states reported making midyear budget cuts totaling $830 million this year compared to 22 states that cut $3.5 billion in 2017.

State officials say the new funds will increase the local share of funding for Gateway and improve the project's chances of getting federal funds.

The consent decree that New York City has signed with federal prosecutors over problems at the Housing Authority will not have a negative impact on the $89.15 billion Fiscal 2019 budget.