Budgets

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.

The budget cleared the Chicago City Council Tuesday. Rating agency and buy side reviews on the final plan will come next.

The budget closes a $400 million general fund and health care system gap and rising structural costs without a tax hike

He was remembered for an evenhanded persona amid a tumultuous term from 1990 to 1993.

Lawmakers choose a scoop-and-toss move despite calls for better targeting of the federal funds.

New York's mayor says the budget for the 2021 fiscal year is balanced despite the coronavirus impacts.

The Finance Committee signed off on new money, refunding, and scoop-and-toss debt restructuring deals and finance teams to assemble and sell the bonds.

With both houses now under GOP control, Gov. Chris Sununu will have an easier time with his agenda.

Comptroller Stringer said Mayor de Blasio can present his updated Financial Plan with a path to a balanced budget for fiscal 2022 without cuts to essential services, layoffs of city workers, or borrowing to support operating expenses.

Chicago Mayor Lori Lightfoot is promoting a $950 million restructuring that adds three years to the city's debt service schedule as present value neutral when factoring in savings from a more traditional $750 million refunding.

The Long Island county received its third credit downgrade this year as lawmakers prepared a 2021 budget with massive cuts to cope with virus-induced revenue losses.

Local governments are facing calls for tax relief as the pandemic slows the economy and they implement property tax reform legislation.