Budgets

“Many states are reporting revenue surpluses and rebounding economies, in part as a result of federal aid to state governments.”

The City Council on Wednesday began the first of a series of hearings on Mayor Eric Adams' $98.5 billion preliminary fiscal 2023 budget.

Income taxes — despite losses due to remote work — and internet gambling revenue are on the rise, giving the Motor City's general fund a boost.

Much of the new infrastructure funding can't flow to states until a full FY22 bill is enacted.

To help the city recover faster, former Lt. Gov. Richard Ravitch has proposed a dedicated state-approved revenue stream to provide additional funding for the transit system.

As New York's new City Council continues to organize, the new mayor, Eric Adams, says how he will achieve his "paycheck in crypto" promise.

If Congress opts for a continuing resolution instead of a full-year appropriation, transportation lobbyists said they would ask for an exception so that IIJA funds can begin to flow.

A whopping 27% increase in revenues in the second half of fiscal year 2021 sets the state up to replenish its reserves and restore positions cut during the pandemic.

If Nevada surpasses $500 million in gaming revenues in December, it will become the greatest single-year total.

Pandemic or not, major projects must continue, say New York Gov. Kathy Hochul and the Port Authority.