Budgets

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.

Top Republicans say they will meet with Democratic Gov. Dannel Malloy, who vows to veto the GOP-backed budget.

Declining state aid makes districts more reliant on local taxes to fund operations, said Moody's Investors Service.

Florida’s share of hurricane-related costs will weigh on the state as it nears a structural budget imbalance.

S&P Global Ratings cited fiscal shakiness while Gov. Tom Wolf called for an end to the budget impasse.

She called on lawmakers to look beyond the short-term emergency in their special session.

With state funding sinking, New Jersey Transit needs a new dedicated revenue stream to support operations, a public policy group urges.