Budgets

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.

Mayor Lori Lightfoot's first budget cleared the City Council on a 39-11 vote.

The board letter's is one of the first signs of friction with Gov. Wanda Vázquez, who took office in August.

The county’s $3.11 billion 2020 budget represents progress toward achieving structural balance despite $50 million in risk, according to a fiscal control board.

Christian Dunbar discusses his unconventional road to Philadephia city treasurer, including his childhood in Liberia and football scholarship to Temple University. Andrew Coen hosts.

A successful closing on the unrated deal was needed to make payments on short-term notes due on Dec. 31.

The upgrade reflects the city's improved operating environment and structural financial improvement, the rating agency said.

The budget was balanced without tax or fee hikes but rising uncompensated healthcare costs are expected to strain the county's finances.

NYC's November plan is up $1.6 billion, or 1.7%, from the June budget.

Mayor Jim Kenney’s administration has implemented a series of measures to prepare for leaner times.

The Finance Committee signed off on bond refinancing and revenue packages that are key to the 2020 budget, paving the way for a full city council vote.

Tom Kozlik of Hilltop Securities explores how pension underfunding woes continue to weigh on public finance. Paul Burton hosts.