Budgets

Two triple-A rated states received a D-minus in the pension and OPEB category.

Voters in seven California cities approved marijuana taxes Tuesday.

The bond proceeds and matching federal funds mean Illinois will pay off $8.5 billion of bills.

Mike Duggan won another term in Detroit, and Flint's Karen Walker beat back a recall effort.

Democrat Scott Stringer earned a second term by trouncing Republican Michel Faulkner.

The Oklahoma governor urged lawmakers to end a six-week-long special session by closing a $215 million budget gap.

Gov. Rick Scott said his final budget will request $180 million in tax cuts.

A study says tolls on existing Interstates could make up for the loss of fuel tax revenue caused by more efficient vehicles.

The negative fund balance once totaled $138 million.

Fitch Ratings dropped the state one notch to AA.

A court ruling offers some financial relief to the distressed gambling hub, according to Moody’s Investors Service.

A commission would examine transferring capital assets to a trust and building asset values to benefit pension plans.

Mayor Jim Kenney wants local control returned to the city’s junk-rated school district, which would come at a cost.

Nine states, including Texas and Virginia, received the lowest D-minus grade from the Volcker Alliance for handling retirement costs.

Moody's cited the city's reliance on nonrecurring revenues.

Royal Oak Township had been under the agreement since 2014.

Cook County commissioners urged not to use one-shots to balance 2018 budget.

The state faces a budget deficit, lower-than-expected tax revenues and federal funding cuts.

Tax rates on marijuana could equal 45% of the price, according to Fitch Ratings.

The governor's action ends a five-month impasse over the biennial spending plan, though work remains at the state capitol.