Budgets

Proposed remedies were as varied as the candidates themselves as eight leading Democratic candidates jousted in a live televised debate.

The outlook shift to stable from negative is a badly needed shot in the arm from the capital markets as the city prepares to come out of the COVID-19 pandemic.

Mayor Mike Duggan and Michigan's governor, Gretchen Whitmer, have raised alarms over the impact of changes proposed by the Detroit Charter Review Commission.

Andrew Rein of the Citizens Budget Commission and Howard Cure of Evercore Wealth Management dive into the New York City's operating and capital budgets. Paul Burton hosts. (38 minutes)

The change to monthly from quarterly revenue reports is a positive, the rating agency said, though the ordinance doesn't extend to expenses or cash flow.

Federal and state aid camouflage danger around the corner, fiscal watchdogs and others insist.

New York City's mayor cited roughly $15 billion in additional state and federal aid, improving COVID-19 statistics and the further lessening of restrictions in releasing his executive plan.

An interview with Kathy Wylde, President, Partnership for New York City

The pact may generate up to $2.5 billion in revenue for the state in the next five years and $6 billion through 2030.

Mayor Jim Kenney called the latest rescue package the only funding source that can help with coronavirus-related revenue losses.