Budgets

Former state Treasurer Jay Rising will take the helm of Detroit's finances next week, replacing Dave Massaron.

Hempstead, N.Y., Supervisor Donald X. Clavin Jr., talks about the town’s receipt of $133 million of CARES Act federal funding and the subsequent credit rating upgrade by Moody’s during the COVID-19 pandemic. He speaks about how the town’s conservative budgeting helps bolster its financial position during tough economic times. Andrew Coen hosts (24 minutes).

The South Carolina Jobs-Economic Development Authority’s RecoverSC program has up to $100 million in total bonding authority.

Budget watchdogs and others say the city must do more than just muddle through.

Moody's says the coronvirus' economic impact adds to fiscal pressures on several of the state's cities dependent on oil and gas revenue

Chicago Public Schools will get more than it budgeted for from the federal emergency relief bill; the Illinois Regional Transportation Authority got a bit less.

New York State fiscal control board asks Long Island county to create contingency plan for confronting future deficits as a requirement for its new $3.3 billion budget.

Moody’s Investors Service upgraded America's largest township one notch to Aa1 from Aa2 citing strong reserve levels during the COVID-19 pandemic bolstered by federal aid.

The Legislature approved $800 million for the state's emergency fund.

City officials say the continuation of enhanced taxing authority from Pennsylvania will help it refinance debt and avoid another fiscal cliff.

Chicago's CFO turned to short-term borrowing to see whether the federal government comes through with aid to make up for the COVID-19 pandemic's tax blows.

Lawmakers approved a plan that would have the Nassau Interim Finance Authority issue 15-year deficit finance bonds to achieve debt savings.

The Port Authority of New York and New Jersey is proposing a scaled down 2021 budget that includes additional borrowing for its capital program.

City Council-approved residential construction tax and changes to a property tax abatement program paves the way for a borrowing plan that would aid the city’s poorest communities.

The outlook revision to New York's AA GO bond rating marks the latest hit to a city coping with a rise in COVID-19 cases and financial uncertainties.

City Administrative Officer Richard Llewellyn recommended laying off nearly 1,000 police officers in a 144-page budget report.

Uncertainties loom as Mayor Bill de Blasio’s budget team scrambles to craft the balanced fiscal 2022 spending plan he must reveal by late January.

Moody's downgraded Wisconsin's largest city by one notch due to budgetary pressures.

West Covina faces shrinking reserves and growing liabilities. Its mayor responds that it is working on solutions, but the pandemic challenges its efforts.

The Pine Tree State is positioned to withstand revenue uncertainties stemming from the COVID-19 pandemic thanks to healthy reserves, according to analysts.