Budgets

A conservative budgeting approach in the wake of severe fiscal distress led S&P Global Ratings to revise its outlook to positive.

Philadelphia City Controller Rebecca Rhynhart discusses her election victory last year knocking off a longtime incumbent along with some of the city’s most pressing fiscal issues including a controversial soda tax and whether to continue providing abatements on new construction. Andrew Coen hosts.

The consent decree that New York City has signed with federal prosecutors over problems at the Housing Authority will not have a negative impact on the $89.15 billion Fiscal 2019 budget.

The new plan keeps property taxes flat and shows the city's continued progress in righting its fiscal ship, according to a state governing body.

City officials repealed the tax saying they feared they would lose at the ballot.

Mayor Bill de Blasio and the City Council face a raft of uncertainties about their third straight early budget.

The City Council approved a budget that includes $559 million for infrastructure.

The federal government ran a $146.8 billion deficit in May, the Treasury Department reported Tuesday.

The handshake deal boosts reserves, funds a "fair fares" discount for low-income subway riders for one year and provides Fair Student Funding for city schools.

The Illinois Municipal Retirement Fund's new power to intercept Harvey's pool of state revenues complicates settlement efforts with the city's public safety funds.