Budgets

Community banks have played and will continue to play a key role in supporting local economies across the country. Join us in a lively conversation with Dennis E. Nixon, President & CEO of International Bank of Commerce (Laredo, Texas) & Chairman, International Bancshares Corporation and Eddie Aldrete, Senior Vice President at International Bank of Commerce as we discuss: (1) the need for bankers and the business community to become involved in political issues. From minimum wage and issues that affect small businesses to regulatory issues that directly affect the banking industry, banking and business leaders need to be thought leaders in the public conversation and (2) how bankers can play a pivotal advocacy role in the free trade process.

Nine mayors from across the country backed House Speaker Nancy Pelosi’s double-barreled strategy to move infrastructure legislation.

That's not a bad idea despite the crumbling condition of a key stretch of the highway, says NYU Rudin Center Director Mitchell Moss.

Deputy budget director David Womack explains what generates investor confidence in the city. Paul Burton and Chip Barnett host. (14 minutes)

The N.C. Local Government Commission approved Wake County's request to finance almost $600 million for school and community college projects and the state’s plan to issue $300 million of GARVEEs for DOT work.

Pitfalls loom despite improved bond ratings and an improving fiscal picture, according to members of the state's fiscal control board.

The district hopes to win back investment grade ratings by raising fund balances, a task that becomes harder after federal coronavirus relief is exhausted.

New York City budget director Jacques Jiha says proactive moves such as building reserves helped the city weather COVID-19 fiscal challenges. Paul Burton and Chip Barnett host. (23 minutes)

Bill Glasgall of the Volcker Alliance and Bond Buyer Northeast Regional Editor Paul Burton will explore how states have balanced priorities during the pandemic, and what challenges await.

Federal aid boosts Chicago Public Schools as a sea change in governance looms with elected school board legislation awaiting the governor's signature.

“There’s been a lot of discussion about New York City and its future in the public domain. And when that happens it makes sense to solicit multiple opinions,” said Kroll Senior Managing Director Karen Daly.

In his lawsuit in state Supreme Court, the New York city comptroller seeks a return of oversight to his office,

State Treasurer Folwell praised officials in two towns for taking concrete steps to pass responsible budgets and avoid a state takeover.

By contrast to the circus surrounding the Board of Elections, the City Council quickly passed a record $98.7 billion spending plan drama-free.

The Board of Elections acknowledged a major error in Tuesday's update. Outgoing Mayor Bill de Blasio and the City Council, meanwhile, are finalizing a $98.7 billion FY22 budget.

The costs of legal settlements in California police misconduct cases would be posted on city and county websites if the bill passes.

India Walton, a registered nurse and union activist, stands to become the first self-declared socialist to oversee a major American city in decades.

The county that includes Chicago projects a surplus this year that will replenish a reserve draw and a modest $121 million gap is projected next year.

Eric Adams, Maya Wiley and Kathryn Garcia are the top three, though under the new system, determining a winner could take weeks. For comptroller, City Council member Brad Lander had a solid lead over council Speaker Corey Johnson, 31.5% to 22.7%.

The city council is considering the city's budget, which gave preliminary approval to a roughly $5.2 billion spending plan that allocates $156 million for violence prevention programs. Council members expect to vote on the budget Thursday.