Budgets

New York City voters take the first step to include a formal rainy day fund in the budget process.

Transportation Secretary James Trogdon says Dale Folwell's allegations of overspending are unsupported.

The New Jersey Department of the Treasury released $53.7 million of $104.8 million in suspended transitional aid.

The federal government has been operating on a stopgap budget since the Oct. 1 start of the fiscal year but President Trump has declined to give any assurance he will agree to another one past Nov. 21.

New York State's fifth-largest city will sell $152 million of general obligation bonds.

The city and its Transitional Finance Authority issued $6.18 billion of long-term bonds, according to the comprehensive annual financial report.

The Chicago Park District would phase in actuarially determined pension payments under a funding plan that still needs state legislative approval.

New York City voters will decide a proposal to change the City Charter and establish a formal rainy-day account in the budget.

The Hudson River city reports making headway trimming a more than $13 million general fund deficit that sent it into junk bond status nearly four years ago.

Municipal Market Analytics warned that climate change may pose the biggest threat to municipal bond credits over the next decade.