Budgets

Chicago's preliminary projected gap in the next budget, when Mayor Lori Lightfoot has vowed to reach structural balance, is down from an $867 million estimate.

Moody’s Investors Service raised the city's rating, noting noted a trend of strong finances, a diverse economy and a willingness to tackle pension issues.

Gov. Newsom doubled down on an $11.5 billion gas rebate plan opposed by fellow Democrats in his May budget revision.

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.

As New York's new City Council continues to organize, the new mayor, Eric Adams, says how he will achieve his "paycheck in crypto" promise.

If Congress opts for a continuing resolution instead of a full-year appropriation, transportation lobbyists said they would ask for an exception so that IIJA funds can begin to flow.

A whopping 27% increase in revenues in the second half of fiscal year 2021 sets the state up to replenish its reserves and restore positions cut during the pandemic.

If Nevada surpasses $500 million in gaming revenues in December, it will become the greatest single-year total.

Pandemic or not, major projects must continue, say New York Gov. Kathy Hochul and the Port Authority.

One-shot federal aid and pending labor contracts require budgetary diligence, Scott Stringer says.

The agreement will move along the Penn Station Access commuter rail undertaking and East River tunnel fix-ups.