Budgets

New York lawmakers finalized a new $163 billion budget over the weekend that includes additional funding for water infrastructure enhancements through capital bonding.

An 11th New Jersey credit downgrade under Gov. Chris Christie prompted a grilling of State Treasurer Ford Scudder Wednesday about concerns of future higher borrowing expenses.

In the face of continuing uncertainty surrounding federal polices regarding states and cities, the New York City Council this week urged Mayor Bill de Blasio to build up the city’s reserves.

The termination of a casino revenue-sharing agreement with the Seneca Nation of Indians is a credit negative for Niagara Falls, according to Moody’s Investors Service.

Central Falls, R.I., Mayor Jim Diossa discussed the city’s climb from bankruptcy to investment grade.

Illinois House Democrats pressed forward on an $800 million spending bill.

Transportation Secretary Elaine Chao said a Trump infrastructure proposal could be ready by May.

New York’s first late budget in seven years will not impact the state’s owed bond payments, according to Moody’s Investors Service.

Distressed local governments struggling under the weight of pension, healthcare, and other debts could turn to a special authority for fiscal guidance under legislation before Illinois lawmakers.

Market participants are increasingly contemplating the impact of Illinois potentially losing its investment-grade ratings.

A $217.7 billion budget that would require more local revenue for school funding won unanimous approval from the Texas Senate. The budget must now be reconciled with the House version.