Budgets

Illinois Senate Democrats passed a $37.3 billion budget with more than $5 billion of new tax revenue.

Illinois still has time to solve its budget ills, according to Fitch Ratings.

Trump's budget guts grant programs, contains nothing new on tax reform, and may actually cut net funds for infrastructure, drawing complaints from Democrats, governmental groups and infrastructure advocates.

Chicago Public Schools is seeking authorization to bolster its GO authority to $500 million.

Illinois faces swap terminations and higher floating-rate costs if its ratings sink much further.

Key Texas lawmakers agreed on a formula to extend the Dallas police and fire pension fund’s life.

Although President Trump will be out of the country, his budget is expected to be released on Tuesday with all eyes on any allocation or lack thereof to infrastructure.

Colorado Gov. John Hickenlooper won't call lawmakers back for a vote on $3.5 billion for highway bonds.

Chicago Public Schools will borrow against delayed state grants to finish the school year.

Tough financial decisions could be on the horizon for New York State, the state comptroller said.

Tim Sullivan will become research director at the Citizens Budget Commission in New York.

A Rhode Island judge denied a petition to release grand jury documents in the 38 Studios case.

Tax hikes, cuts, and reforms are needed to tackle Illinois' fiscal crisis, a business group suggested.

Connecticut's governor and lawmakers are trying to patch a projected $5 billion deficit.

Illinois Senate votes on a budget package left the fate of a 'grand bargain' unclear.

S&P joined Moody's and Fitch in downgrading Connecticut.

Oregon's net general fund revenues are now projected to be up $371 million from the March forecast.

Philadelphia seeks lost property tax revenue from Wells Fargo in a lawsuit alleging discriminatory lending.

State pension changes cleared an Illinois House committee Tuesday but their fate is uncertain.

California’s Chamber of Commerce wants further court review of the state’s cap-and-trade auction.