Budgets

Payson's $21.21 million taxable pledged revenue obligations issue comes amid a riskier environment for pension-related borrowings.

The Metropolitan Transportation Authority chair and CEO says changes are needed to state and federal laws and the MTA's financial structure.

The city's inability to get approval for bonds that would fund operating expenses has forced the mayor to propose deep budget cuts for the coming fiscal year.

A finance committee vote teed up a debate by the full Chicago City Council Wednesday on whether to require more aldermen votes for new borrowing.

The $5.66 billion spending plan for the fiscal year that begins Oct. 1 continues a voter-mandated plan to increase public safety spending.

Chicago made the second half of its supplemental pension payment, fulfilling a budgetary pledge and assuaging concerns of aldermen and rating agencies.

Chicago's projected FY2027 was down $283.9 million from the $1.2 billion estimate in last year's budget forecast.

The island's budget director said the government should turn to money connected with a Jeffrey Epstein settlement to have enough money to finish the remaining six weeks of the fiscal year.

Budgets for Houston, Austin, Dallas, and Fort Worth come amid credit quality improvements and calls from Gov. Greg Abbott to rein in local government spending.

The city's multi-billion dollar deals haven't struggled to find investors, despite budget challenges.

The report takes aim at public school budget balances and charter school funding, and suggests bond issuance to fund teacher compensation endowments.

Moody's Ratings and Fitch Ratings both lifted their rating outlooks to positive on the San Francisco Unified School District.

NYC's final budget did enough for KBRA to bring its rating outlook on New York City back up to stable.

Chicago Mayor Brandon Johnson appointed Ashlee Gabrysch, formerly senior director at Fitch Ratings, to serve as chief financial officer.

The city took the measure to partially address a shortage in its general fund.

The Texas city's general obligation rating was lifted to Aa2 with a stable outlook from Aa3 based on "meaningful" moves taken in its fiscal 2027 budget.

Indiana lawmakers are considering two more far-reaching property tax reforms before Senate Enrolled Act 1 has even been fully phased in.

Budget Director Annette Guzman left her role Monday, Chicago Mayor Brandon Johnson said, in the latest high-profile finance departure from his administration.

The Chicago Board of Education passed an amended fiscal year 2027 budget Thursday that assumes $150 million in additional funding from the state.

Philadelphia has spent the last decade building up its reserves and pension funds. A state oversight board says it can keep doing so for another five years.