Budgets

The recommendation would build reserves toward a target of 16% of tax revenues in order to prevent drastic service cuts during a recession.

The city of 55,000 is the first to be slapped with the most severe Tier IV designation of the state's Municipal Accountability Review Board oversight program.

Chicago's preliminary projected gap in the next budget, when Mayor Lori Lightfoot has vowed to reach structural balance, is down from an $867 million estimate.

Moody’s Investors Service raised the city's rating, noting noted a trend of strong finances, a diverse economy and a willingness to tackle pension issues.

Gov. Newsom doubled down on an $11.5 billion gas rebate plan opposed by fellow Democrats in his May budget revision.

The recovery is expected to continue this year and into next as the tourism industry looks to surpass 2019’s record-setting year.

Improving tax revenues allowed the mayor to increase the size of his spending proposal while keeping the budget balanced.

The budget represents a turn-around as the county got a handle on pandemic-related expenses.

The American Rescue Plan Act helped cities avoid insolvency after the pandemic struck, some mayors said.

The city says it can't afford a pension fund change that forces it to pay down unfunded liabilities more quickly; it may also lobby state lawmakers.