Budgets

CalPERS' plan to dial back the assumed return on its investments puts pressure on governments to make up the difference.

Gov. Rick Snyder says the state Supreme Court ruling won't impact state finances.

The changing federal landscape will trigger tax and revenue revisions and New York's growth may be insufficient to weather downturns, two reports said.

The December revenue forecast puts the state $150 million below target over the first five months of the fiscal year.

Tax revenues but are still ahead of projections for the year.

A limited tax base and heavy legacy obligations have hamstrung the city, according to the rating agency.

The state's latest financial report shows Canton is still financially stressed but improving.

Urban planners argue for the unlocking of public assets through an asset trust, an idea largely untested in the U.S.

The rating agency will continue to monitor financial developments in Connecticut's capital city.

The council is exploring legislation to collect around $492 million in delinquent real estate taxes that could aid the city’s school district.

The state government's rising debt burden underscores the need for overhauls to the state’s borrowing rules, according to State Comptroller Thomas DiNapoli.

Liz Muoio would become just the second woman to hold the office.

A state panel designated the Muncie district as a distressed political subdivision.

The authority, which runs New York City's subways and buses, faces uncertainty about external funding and its bonding options.

Buffalo, N.Y., is facing dangerous financial waters ahead with a rapidly declining fund balance, according to the city’s fiscal watchdog.

Atlantic City's declining gambling market that contributed to a near default on city finances last year is poised for a slight comeback with the shuttered Revel Casino Hotel slated to reopen next year under new ownership.

Variables range from the effect of the federal tax bill on advance bond refundings to external support for a subway improvement plan.

Bill Glasgall of the Volcker Alliance in New York breaks down his organization’s report card on how the states manage budgeting, legacy costs and transparency. Hosted by Paul Burton and Chip Barnett.

Mismanagement at the Philadelphia Parking Authority cost the city’s school district nearly $78 million over the past five years, according to the state auditor.

Chief Executive Officer Forrest Claypool will step down at the after being accused of lying and engaging in a cover-up of an ethics probe of a top aide.