Budgets

The governor said he would borrow against $1.25 billion in profits from the state liquor system.

Oyster Bay Town Supervisor Joseph Saladino proposes slashing outstanding debt by $50 million in his first budget proposal since taking over the junk-rated Long Island municipality eight months ago.

The Oklahoma Department of Transportation is scaling back on highway and bridge projects.

The state still lacks a budget as Democratic Gov. Dannel Malloy vetoed a Republican-crafted $40.7 billion biennial spending plan. Meanwhile, capital Hartford spirals toward a possible bankruptcy. Mayor Luke Bronin says increased state aid, bondholder flexibility and labor concessions are all needed to keep the city out of Chapter 9.

The payoff comes as the district takes out new tax anticipation notes.

The withdrawal or reduction ofederal support for healthcare funding would damage the state budget.

The rating agency says Assured Guaranty and Build America Mutual are open to a traditional bond refinancing, not a bond restructuring or a haircut.

The Republican lawmaker said Monday that the tax cap proposal should take priority during the next legislative session.

Luke Bronin called the latest multiple-notch downgrades no surprise.

The city says for now it has all the capital market access it needs.

The spending plan still relies heavily on sales tax growth, according to S&P Global Ratings.

Chiang, a Democrat, is running for governor in 2018.

Minnesota hits the market Wednesday with $847 million of debt amid uncertainty over a budget feud.

The rating agency calls on the commonwealth to match recurring revenues with expenses.

Assured Guaranty and Build America Mutual presented city and state officials with an alternative to bankruptcy.

The state plans a $4.5 billion negotiated sale and $1.5 billion competitive sale.

The budget Gov. Scott Walker signed authorizes more than $700 million in borrowing.

The story behind a state’s rainy day fund should be weighed heavily, some municipal analysts said at a recent event.

Iowa's projected gap can be closed without legislative action, the governor says.

House Majority Leader Dave Reed blames 'a small group of unknown people' at S&P for the state's downgrade while the Senate rejects a House revenue plan.