Budgets

Justin Elicker will take over a Connecticut city with challenges that include low pension funding and a rift between downtown and its poorer neighborhoods.

A new fiscal plan adopted by the Port Authority of New York and New Jersey increases debt service payments by 8% to support large-scale infrastructure efforts.

The agreement includes a $125 million increase in Community Development Block Grants and a $245.5 million increase in grants to state and local law enforcement.

CFO Dave Massaron said the city is mindful of a potential downturn as it navigates its fiscal recovery from bankruptcy.

The general obligation bonds are secured by property tax assessments that don't flow through a school district budget that is threatened with insolvency.

The city is folding together separate syndicate and advisor teams on $1.2 billion of general obligation and Sales Tax Securitization Corp. refunding deals.

The new online security force follows ransomware attacks on at least four local governments and agencies in Ohio during 2019.

The county's recovery plan improved its structural balance and long-term liability profile, Fitch Ratings said in support of its two-notch rating boost.

The RTA's service boards will receive $3.7 billion in new funding from the state's $45 billion infrastructure program.

The State Thruway Authority adopted a $1.3 billion 2020 budget that lowers spending by 2.4% after a debt refinancing.