Budgets

City leaders are evaluating layoffs, raise deferrals, leasing city assets and postponing construction projects.

The move by New York's mayor could precede more citywide action in the absence of federal rescue aid or state-authorized long-term borrowing.

Any bonding to cover coronavirus-related budget gaps should come only with oversight from a reactivated state panel, the Citizens Budget Commission said.

A new state revenue forecast could put a crimp in the governor's $4 billion emergency funding bond plan.

Municipal Market Analytics' view of Chicago's bonds turns further south as the city looks to solve a deep budget hole.

New York's law permitting municipalities to extend rollover periods on bond anticipation notes provides budget flexibility, but it's unclear how it will impact long-term debt.

Declining tourist taxes, which support the bond-financed Orange County Convention Center's expansion, led officials to suspend the design work on the project.

The short-term Municipal Liquidity Facility does not meet the city's needs, the mayor said while repeating his call for borrowing authority from New York State.

Local governments gain new bond capacity to offset COVID-19-related losses after Gov. Phil Murphy signed a bill revised after he vetoed the original measure.

Chicago Mayor Lori Lightfoot's administration is weighing more debt refinancing, layoffs and tax hikes to fully close the budget gap