Budgets

The recovery is expected to continue this year and into next as the tourism industry looks to surpass 2019’s record-setting year.

Improving tax revenues allowed the mayor to increase the size of his spending proposal while keeping the budget balanced.

The budget represents a turn-around as the county got a handle on pandemic-related expenses.

The American Rescue Plan Act helped cities avoid insolvency after the pandemic struck, some mayors said.

The city says it can't afford a pension fund change that forces it to pay down unfunded liabilities more quickly; it may also lobby state lawmakers.

“Many states are reporting revenue surpluses and rebounding economies, in part as a result of federal aid to state governments.”

The City Council on Wednesday began the first of a series of hearings on Mayor Eric Adams' $98.5 billion preliminary fiscal 2023 budget.

Income taxes — despite losses due to remote work — and internet gambling revenue are on the rise, giving the Motor City's general fund a boost.

Much of the new infrastructure funding can't flow to states until a full FY22 bill is enacted.

To help the city recover faster, former Lt. Gov. Richard Ravitch has proposed a dedicated state-approved revenue stream to provide additional funding for the transit system.