Budgets

Already stung by a 2020 revenue hit of nearly $300 million this year, Cook County sees more budget pain related to the pandemic ahead

While reducing the FY21 spending plan to $87 billion, New York's mayor said he needs $1 billion in labor concessions or the city could lay off up to 22,000 workers.

As officials in the tourism-dependent county prepare for a resurgence of tourism as attractions reopen, they are also dealing with a surge of COVID-19 cases.

The projected shortfall is $100 million higher than in late April, but a downgrade is unlikely, an analyst says.

The deadline to pass the city's fiscal 2021 spending plan is two weeks away and it faces a $9 billion gap.

Andy Dillon and Michael Imber from restructuring firm Conway MacKenzie explore creative options for states and cities coming out of the coronavirus pandemic. Paul Burton hosts.

With data from the two worst months of the year so far, state and local analysts are beginning to size up expected revenue losses.

The New York mayor's move reflects a nationwide response to protesters in the aftermath of the death of George Floyd.

Mayor Lori Lightfoot and her finance team warn that this year's budget gap is getting bigger, and that painful choices are coming without federal financial aid.

Orange County tourist tax collections plummeted 97% from the year earlier to $765,900 in April, the largest decline ever seen.

State leaders are reluctant to grant New York City more bond capability, and other city leaders want Bill de Blasio to further reduce his proposed spending plan.

Illinois lawmakers overhauled the proposed Chicago casino tax structure and awarded MPEA more flexibility to deal with its fiscal woes.

With the latest federal rescue package stalled, New York's mayor has asked state lawmakers to authorize an additional $7 billion in bonding.

GFOA considers a minimum baseline level of reserves to be 16%.

First finance officer from a K-12 school district to serve as GFOA president had to deal with coronavirus fallout.

The board, a vestige from the 1970s fiscal crisis, is a lingering motive for the city to approve a balanced budget.

Chicago officials, who present a budget in October, are reviewing scenarios that consider how long shutdowns remain in place and what happens afterward.

Mayor warns about a worsening budget picture amid possible roadblocks to further federal aid and more dire projections from watchdog IBO.

Oklahoma lawmakers stood their ground after Gov. Kevin Stitt vetoed the budget and diversions from pension funds and transportation.

Maria Doulis of the Citizens Budget Commission discusses the city's challenges amid the coronavirus pandemic. Paul Burton hosts.