Budgets

Moody's boost at Aa1 means lower borrowing costs, additional savings and a more diverse market for the city's bonds, according to Melanie Hartzog.

A new Big Apple Transit agency would issue new debt for transit under City Council Speaker Corey Johnson's plan.

Corey Johnson has called for wresting control of five-borough transit operations from the state-run Metropolitan Transportation Authority.

The federal government ran an $8.7 billion surplus in January, the Treasury Department reported Tuesday.

Mayor Martin Walsh allocated $150 million from the city budget to securities of companies with strong environmental, social and governance practices.

The upgrade Friday came as city Comptroller Scott Stinger warned about the use of numerous one-time actions to balance the budget.

Trump has threatened to divert $3.6 billion of military construction funds to pay for a border wall.

The announcement of a congestion pricing plan and passage of fare and toll hikes reflects favorably on the authority, Moody's says.

The practice of protecting computer systems, networks and programs from digital attacks can expose management, budgeting and liquidity weaknesses.

The next mayor will be under pressure on pension funding, labor contracts and economics, S&P Global Ratings said.

Lori Lightfoot, in her first race for elective office, will face Toni Preckwinkle, the Cook County board president, in an April 2 runoff.

The ruling affirmed a lower court ruling that dismissed a claim by the commonwealth’s Legislative Assembly that the board exceeded its power.

New York City's gross city product grew 3.9% in the fourth quarter of 2018.

Critics of incentives used to lure Amazon to New York City prevailed as the company canceled plans for a project that would have impacted housing and transit.

NYC budget watchdogs credited the mayor efforts to restrain spending before an expected economic slump, though some said he didn't go far enough.

As Philadelphia Mayor Jim Kenney gears up for his next budget proposal, city officials are focused on keeping healthy fund balance levels.

The New York mayor, as he released the $92.9 billion plan, warned of a possible second federal shutdown, looming state aid cuts and a national economic slowdown.

At BB-minus, the city remains three notches below investment grade. A changed rating methodology for priority-lien revenue debt also pushed $430 million of bonds to speculative grade.

With extreme weather more frequent, investors and rating agencies are scrutinizing the effects of resiliency measures on municipal budgets and reserve levels.

The compromise does not include a full federal takeover of the New York City Housing Authority, which the federal agency had threatened.