Budgets

Mayor Lori Lightfoot's proposed budget would forgo an inflation-formula-based property tax hike and make supplemental contributions to the city's pension funds.

The Municipal Securities Rulemaking Board's intends to spend $45.5 million over the course of FY2023.

Missouri and Iowa closed out fiscal 2022 with balances that paved the way for tax cuts.

Houston has built up a $344.8 million general fund balance and reduced its unfunded pension liability to about $1.5 billion ahead of a possible economic slump.

Brad Lander says using municipal bonds could be one way to help move recent immigrants into mainstream society and provide a long-term economic boost to the city.

But governor and an analyst caution about appropriating "excess revenues" before an audit.

Detroit revised its general fund estimates upward for the current fiscal year at its latest estimating conference Monday.

The state board that oversees the city's finances heard a positive assessment of the Big Apple's fiscal picture, tempered with a wary gaze into the future.

The short-term funding bill would avoid a government shutdown ahead of midterm elections.

Chicago put its message on fiscal progress directly to bondholders at the annual investors conference last week.

Chicago projects a $127.9 million gap looms in 2023. That's down from the $306 million projected in May and the $867 million from last year's forecast for the coming year.

She expects $50 million more in revenues in fiscal 2023.

Political infighting ahead of November's local elections have left the finances of the state's capital in disarray and show no signs of abatement.

State Rep. Mark Batinick said he’s generally not a fan of red light cameras, but if they are going to be used, the fines should go to a source “that needs it and removes any motivation to simply use the cameras as a way to further tax the public.”

Mayor Daniella Levine Cava said her proposed $9.3 billion fiscal 2022-2023 budget, with the tax cut, safeguards the county's fiscal stability and maintains critical services.

Personal income tax data indicates the stock market slump is taking a toll on tax collections, Comptroller Brad Lander said in a report on the city's finances.

The proposal offers no suggestions on financing the project, which, if completed, could allow the stadium to host a Super Bowl or NCAA tournament.

High energy prices and low unemployment have aided Oklahoma’s economy.

A board member and Gov. Pedro Pierluisi expressed disappointment about the inability of the board and the government to come to a consensus budget.

The board also approved a rollover of bond anticipation notes because it doesn't have access to the bond market.