Budgets

The end of the two-year budget drought in Illinois is a mixed bag for “downstream” credits.

The state's Supreme Court may order state lawmakers to increase K-12 spending.

Pension funding woes drove the downgrade and continued negative outlook.

Alaska, unable to agree on budget stability, is blowing through its reserves.

State balance sheets were driven by a new accounting standard that require reporting pension obligations.

Chicago is expected to take advantage of the new debt vehicle authorized in the Illinois budget.

It's two downgrades this week for Connecticut's troubled capital city.

Uncertainty affected school and university budget planning in Massachusetts and Rhode Island.

Texas state revenue figures point to a steadily improving economy

A collaborative effort is needed to keep Hartford out of bankruptcy, Connecticut Gov. Dannel Malloy said.

While working on two bond sales and finalizing a new budget, Cook County, Ill. is eyeing layoffs.

The California cap-and-trade program generates funds for infrastructure programs.

Gov. Tom Wolf and Pennsylvania lawmakers must still agree on a revenue package

Junk status underscores the need for a 'far-sighted restructuring,' according to Luke Bronin.

S&P Global Ratings dropped Connecticut's capital two notches to junk-level BB.

The threat of a junk bond label took center stage when Illinois lawmakers passed a budget.

Georgia’s economy continues on an upward trajectory, according to Gov. Nathan Deal.

Fitch Ratings lowered the Sooner State to AA from AA-plus.

Gov. Tom Wolf bought time to pass the bills necessary to fund Pennsylvania's $32.2 billion spending plan.

California June revenues were 2.5% below projections outlined in last year’s budget.