Budgets

The outlook shift to stable from negative is a badly needed shot in the arm from the capital markets as the city prepares to come out of the COVID-19 pandemic.

Mayor Mike Duggan and Michigan's governor, Gretchen Whitmer, have raised alarms over the impact of changes proposed by the Detroit Charter Review Commission.

Andrew Rein of the Citizens Budget Commission and Howard Cure of Evercore Wealth Management dive into the New York City's operating and capital budgets. Paul Burton hosts. (38 minutes)

The change to monthly from quarterly revenue reports is a positive, the rating agency said, though the ordinance doesn't extend to expenses or cash flow.

Federal and state aid camouflage danger around the corner, fiscal watchdogs and others insist.

New York City's mayor cited roughly $15 billion in additional state and federal aid, improving COVID-19 statistics and the further lessening of restrictions in releasing his executive plan.

An interview with Kathy Wylde, President, Partnership for New York City

The pact may generate up to $2.5 billion in revenue for the state in the next five years and $6 billion through 2030.

Mayor Jim Kenney called the latest rescue package the only funding source that can help with coronavirus-related revenue losses.

Mayor Eric Garcetti wants to exponentially increase spending to reduce homelessness as reports emerge that previous efforts aren't keeping pace.

Municipal bonds have a direct effect on the social and cultural character of cities, metropolitan areas, counties, and states. Munis and the initiatives they support such as public education, housing subsidies, public transit systems, and more, can often be linked to local or regional politics. Join Lynne Funk, Executive Editor at The Bond Buyer and Destin Jenkins, Neubauer Family Assistant Professor of History at the University of Chicago as they explore how municipal bond mismanagement can have contrasting influences on the different ethnic groups in our cities.

Recent budgetary and pension reports underscore how llinois must proceed with caution in spending $7.5 billion of federal aid.

The deficit last month was $659.6 billion, the third-largest on record and biggest since last June.

OMB Acting Director Shalandra Young described the summary as “the administration’s proposal for topline FY 2022 discretionary funding.”

A formula revision will boost funding for local governments most in need under the state's payment in lieu of taxes program.

The governor pointed out the advantages of the current low interest-rate market environment and the state’s low debt levels.

Lawmakers approved a Golden State Stimulus that provides relief to businesses and $600 checks to low-income residents on the strength of an earlier-reported surplus.

The legislature's GOP-controlled Joint Finance Committee will craft a two-year capital plan after rejecting Gov. Tony Evers' $2.4 billion plan for only the second time in recent history.

By the end of March, more than 1,700 projects will have the go-ahead to resume, according to the mayor.

Mainstreaming some emergency measures would provide the Department of Design and Construction more contracting flexibility, said first deputy commissioner Jamie Torres-Springer.