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

Street space has become the new battlegrounds as municipalities, with fewer resources, look to reimagine themselves.

The New York City suburb achieved record low interest rates for a more than $40 million bond transaction following a credit upgrade that reflected its recent fiscal discipline.

The Chicago Board of Education warns of tough spending decisions ahead if the federal government doesn't act on a new stimulus/relief package.

At a feisty board meeting, officials rolled out draconian scenarios of service cuts and fare and toll hikes should Washington help not materialize.

Vastly improved fund balance levels in New Jersey's largest city leading into the COVID-19 pandemic have helped weather financial headwinds posed by the health crisis.

The coronavirus adds to the fiscal challenges facing the already junk-rated school district, which is the nation's third-largest.

Alan Rubin, co-head of Blank Rome's severe weather emergency recovery team, examines how states and cities can better prepare for catastrophes. Northeast Regional Editor Paul Burton hosts. Recorded Aug. 12. (16 minutes)

With June hotel bed tax collections off dramatically, the county's comptroller said "the pandemic continues to heavily weigh on the tourism industry."

Sharp revenue losses caused by the pandemic triggered a negative credit outlook for Long Island’s Nassau County as it prepares to roll out a new fiscal plan to combat a budget hole.

Stringer sent a letter to Mayor de Blasio on Monday calling on the city to fully fund the indirect cost rate (ICR) initiative.