Budgets

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.

Detroit still may ask the federal bankruptcy court to intervene in a pension fund matter that could add to the city's financial stress.

Cook County projects a surplus this year and a $18.2 million gap for fiscal 2023 while it readies two bond sales.

The Kenmore-Tonawanda school district in Erie County, New York, may piggyback on a planned August note sale.

M. Elizabeth Reich has resigned as Dallas’ chief financial officer after almost six years and will be replaced by Jack Ireland, the city’s budget director.

Maui County's mayor now has to approve or veto the budget before the start of the fiscal year on July 1.

The final budget sets aside about $8.3 billion in budget reserves, which bring them to the highest level in the city's history.

Mayor Eric Garcetti emphasized the city’s robust reserves and plans to issue housing bonds to aid efforts to alleviate homelessness.

After next fiscal year, the governor expects both revenues and spending to increase.

The recommendation would build reserves toward a target of 16% of tax revenues in order to prevent drastic service cuts during a recession.