Budgets

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.

The high-demand market environment boosted Philadelphia’s first general obligation bond deal of 2020.

New York City Council member Daniel Dromm and Citizens Budget Commission president Andrew Rein explore the effects of looming state Medicaid cuts on the city's $95.3 billion preliminary budget. Paul Burton hosts from City Hall.

Chicago’s $1.5 billion sale of general obligation refunding bonds and Sales Tax Securitization Corp. debt generated $310 million of budget savings.

Mayor praised for restraint ahead of uncertainty about possible big cuts to city services by Albany.

NYC OMB Director Melanie Hartzog speaks about budget reserves.

NYC Council Finance Chair Daniel Dromm talks to Paul Burton on the budget process.

New York City Mayor Bill de Blasio unveils his preliminary fiscal 2021 budget.

The mayor warned about looming state Medicaid cuts in his media briefing on the preliminary spending plan.

University's parking project is part of the first phase of its 10-year capital improvement project.

The Bond Buyer's Paul Burton and Chip Barnett explore variables and pressure points in advance of the city's FY21 preliminary budget release.

Gov. Andrew Cuomo’s warnings that cities could absorb more Medicaid costs have triggered uncertainty about the city's budget.