Budgets

If House Bill 653 passes, Fitch Ratings says any rating impact would be felt by local governments that receive transfers, rather than by the utilities.

House Bill 653 would prohibit a municipal electric utility from using its revenues to finance general governmental functions.

Fitch Ratings raised the Las Vegas suburb to BBB-minus from BB, with a stable outlook.

A special commission issued a series of recommendations to simplify a system that provides the city one-third of its revenue. Albany, though, must sign off.

The consulting firm will perform a comprehensive review of the city’s financial position, Mayor Justin Elicker said.

New York Gov. Andrew Cuomo is seeking state dollars to assist the cash-strapped Rochester City School District.

Irvine, Fresno and Stockton were among only 12 of the 75 largest U.S. cities that are on top of their financial obligations, according to a think tank's report.

State cuts to Medicaid reimbursement could cost New York City up to $1.1 billion.

The city, only recently released from state oversight, is facing more fiscal challenges.

As officials sift through Andrew Cuomo's plan to curb Medicaid costs, City Hall insists that the governor's spending-control emphasis is a de facto slash.