Budgets

The county faces layoffs and service cuts if the effort to repeal a beverage tax succeeds, the board president warns.

The federal government ran a $107.7 billion deficit in August, the Treasury Department reported Thursday.

Continued lack of a budget will mean a spending freeze and further rating agency backlash.

August revenues exceeded budget projections by $343.7 million.

The rating agency cited warnings by Mayor Luke Bronin that Connecticut's capital could go bankrupt in 60 days.

The Teachers Retirement System issued a warning after state budget changes lowered this year's contribution to the fund.

Minnesota's high court ordered the negotiations to resolve a funding dispute that's entangled a small piece of debt.

Bankruptcy may be the only way for Hartford to solve its financial problems, said Connecticut's governor, Dannel Malloy.

Gov. Tom Wolf has threatened a spending freeze and rating agencies have threatened more downgrades.

Consumer credit increased by $18.5 billion in July to $3.753 trillion, the Federal Reserve reported Friday.

State funding for K-12 school districts has been restored after a compromise between lawmakers and the governor.

The capital city has threatened to file bankruptcy in 60 days if it doesn't get sufficient state help.

Mayor Luke Bronin told Gov. Dannel Malloy and lawmakers that Chapter 9 for Connecticut's capital is inevitable if the state cannot pass a budget.

Gov. Bruce Rauner says he will act to authorize $6 billion of borrowing to knock out overdue bills.

A Lackawanna County court has scheduled another hearing for Monday on a challenge to Scranton's ability to collect certain local taxes.

The Democratic mayoral candidates debated the city's resilience level as more hurricane activity looms.

The special session on Sept. 25 will be asked to resolve funding problems in the wake of the state Supreme Court's rejection of a "smoking cessation fee."

The transportation package limits bonding to $400 million.

S&P Global Ratings cited improved employment and demographic indicators, and projected growth in reserve levels.

Kevin Lembo says rating agencies are poised to hammer the state and its cities again.