Budgets

Paige Cognetti takes over in the aftermath of a corruption scandal and faces tough economic challenges, including an adverse ruling in a taxpayer lawsuit.

Huntington Beach approved a resolution to refinance up to $436 million of public employee pension debt with pension obligation bonds.

New York City could save up to $400 million through design-build project delivery, the mayor said after Gov. Andrew Cuomo signed a bill to authorize it.

The Jacksonville, Florida-owned utility’s managing director and chief financial officer were both fired amid turmoil over a privatization process, which was canceled.

Residents in Riverside filed a lawsuit seeking to end the city’s practice of transferring water utility revenue.

Funding for resilience is a challenge for municipal issuers, including many in a budget squeeze.

Gary Mayor Karen Freeman-Wilson says the city will have the cash to repay short-term borrowing at the end of 2020.

The markets suggest investors won't react to the impeachment of President Trump, while a mixed bag of indicators say the economy will continue growing at a moderate pace.

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.

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.