Budgets

The nation's second-most-populous county is factoring in a recession as it runs fiscal models on COVID-19's impact and is banking on federal aid for hospitals.

The Citizens Budget Commission is calling for far larger cost cutting and predicts that New York City could see $20 billion of lost revenues over three fiscal years.

Despite rising 3% in 2019, DiNapoli expects bonuses to drop this year.

The mayor cited COVID-19 as a spending priority while cases in his city represent more than one-third of the nation's total.

New York MTA and 10 other transit systems have cited the crippling effects of ridership drops due to COVID-19.

The comptroller called for passage of a federal rescue bill and measures to shore up the city budget.

The city and state haven't put dollar amounts on what they need but both were already facing budget and pension stresses before the public health crisis struck.

Hotels and restaurants are losing as much as 50% of their business in the District of Columbia due to the coronavirus.

"I think it's way too early to determine how we're going to adjust the budget," the mayor said.

Chicago Mayor Lori Lightfoot's administration is stressing the city's improved liquidity and jolt of refinancing savings provide a cushion to manage the near-term tax losses.

The comptroller, citing projected losses in entertainment and tourism while the city is virtually closed, called for a savings target of 4% of tax levy-funded agency spending.

Cities and states that rely on hotel taxes and tourism-related revenues will lose billions as events and attractions shutter to slow the spread of COVID-19.

The New Jersey state teachers' union and state Senate President Steve Sweeney announced an agreement to lower school district and employee healthcare costs.

Chairman Patrick Foye says that the outbreak has no material effect for now, and the authority promises to continue timely disclosure.

Mayor Jim Kenney’s fifth budget proposal seeks to shield the city from a potential recession.

The city on Long Island tapped municipal finance veteran Donna Gaden to steer a turnaround following years of structural deficits.

Recently elected Mayor Justin Elicker revived an old municipal battle cry with a call for more contributions from Yale University and Yale New Haven Health.

Scranton, Pa., activist Gary St. Fleur describes his group's successful suit that claimed the city was overtaxing its residents under Pennsylvania law. Paul Burton hosts.

The city's sustained financial health is attracting private investment and enabling it to fund neighborhood infrastructure needs, Mayor Bill Peduto said.

The Democrat unveiled a $40.9 billion FY 2021 spending plan that again pushes for higher taxes on incomes above $1 million.