Budgets

California's governor restored revenue to cities in exchange for support of his transportation bill.

Connecticut was downgraded to A1 from Aa3 by Moody's Investors Service.

West Virginia lawmakers resumed a special session Monday to iron out budget and tax cut differences.

Hartford, Conn. received another downgrade as S&P Global Ratings lowered the city to BBB-minus.

New York City will end fiscal 2017 with a $4 billion surplus, the Independent Budget Office projected.

Gov. Dannel Malloy presented a new Connecticut budget as two rating agencies downgraded the state.

Colorado Gov. John Hickenlooper may call lawmakers back to reconsider a transportation bill.

Arizona's new budget could allow $1 billion in new bonding for higher education.

Connecticut received a push out of double-A territory, as Fitch Ratings dropped it to A-plus.

Connecticut and capital Hartford face serious financial crises.

California Gov. Jerry Brown proposed using money from an investment fund to pre-pay CalPERS.

The Illinois Senate President warned that disaster looms if historic gridlock doesn't end soon.

The federal government ran a $182.4 billion surplus in April, the Treasury Department reported Wednesday.

Florida Gov. Rick Scott may veto the Legislature's $82.4 billion budget.

Illinois gets tongue lashing from research group over impasse as senate efforts at compromise build.

Oklahoma lawmakers remain divided about how to fill a $900 million shortfall.

Albany N.Y. was revised to stable from negative by S&P Global Ratings.

The Long Island Power Authority says renewables will save it $5 billion on no-longer needed capital investments.

Gov. Jim Justice called West Virginia lawmakers into special session to “fix the budget crisis.”

Cook County is losing Ivan Samstein to the University of Chicago.