Budgets

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.

The authority will scoop-and-toss some near-term debt to avoid a shortfall that would force Chicago to dig into its own pockets to cover a hotel tax shortfall.

A bill would authorize its capital city to issue up to $850 million in pension obligation bonds if it can get a true interest cost of 3.5% or less.

Texas lawmakers are facing a special session after a battle over elections, firearms and finance.

While Jacques Jiha cited improved outlooks to stable from Moody's and S&P, skeptics warned of inadequate use of federal aid and lingering outyear budget gaps.

Oklahoma can cut taxes and boost school funding while expanding Medicaid coverage thanks to healthy revenues.

Illinois won't wait for the Treasury Department to consider its request to add COVID-19-related debt repayment as an eligible use of ARP funds.

In what one critic called a "riverboat gamble," Mayor Jorge Elorza in Rhode Island's capital city seeks $704 million to pump into a severely unfunded system.

Federal aid and vaccine distribution boosted the city's finances and optimism for economic recovery, but uncertainty lurks at the national and state levels.

Proposed remedies were as varied as the candidates themselves as eight leading Democratic candidates jousted in a live televised debate.