Budgets

The Chicago Transit Authority and Regional Transportation Authority are latest rating victims of Illinois political gridlock.

California lawmakers reached an agreement Tuesday on the most contentious budget items.

New York City gets mixed marks from the Citizens Budget Commission for its adopted fiscal 2018 budget.

Illinois’ swap providers agreed to lower termination triggers, the governor's office said.

San Diego's mayor vetoed changes the City Council made to the budget that cut funding for two special elections.

Alaska's government is bracing for a government shutdown amid difficult budget negotiations.

Only two of Illinois' nine public universities retain a Moody's investment-grade rating after new downgrades.

SANTA FE, N.M. -- It's an odd way to come up with cash.

The federal government ran an $88.4 billion deficit in May, the Treasury Department reported Monday.

California revenues beat state budget projections in May.

Chicago’s chief financial officer says bankruptcy isn’t on the table for Chicago Public Schools.

Massachusetts’ downgrade by S&P Global Ratings affects $22 billion in GO debt.

Louisiana's Legislature failed to adopt a 2018 budget, forcing work to resume in a special session.

Kansas' adoption of a tax increase led Moody's to boost its outlook on the state to stable.

A California hearing contemplated major changes to a tax board's structure.

Oklahoma incarceration costs will soar by $2 billion over the next decade without major reform, Gov. Mary Fallin says.

California Gov. Jerry Brown's plan to use a short-term state investment account to fund CalPERS faces some skeptics.

A judge's ruling put more pressure on Illinois by supporting Medicaid providers.

Phil Murphy and Kim Guadagno won primaries in the New Jersey race to replace Gov. Chris Christie.

The University of Illinois and Illinois State University were downgraded by S&P Global Ratings.