Budgets

Though the market may view Chicago's budget as heading in the right direction, relying on the state is a gamble that's a concern for aldermen, too.

Nearly two in three finance officers in large cities predict a recession in the next year or two.

Mayor Lori Lightfoot needs to achieve her 2022 target of structurally balancing the city’s books to preserve Chicago's BBB-plus rating, S&P said.

Strong investor demand for Philadelphia bonds underscores the city’s fiscal strides, according to Jim Kenney.

Wall Street had its most profitable first half in a decade; the second half remains uncertain.

The taxing and regulating of a new product that's ingested into the lungs to deliver nicotine is dealt with under federal, state and local laws. William Cox explains Kroll Bond Rating Agency's thoughts about vaping and the associated revenues for governments. John Hallacy hosts.

Lori Lightfoot would close an $838 million gap with a mix of permanent and one-time maneuvers including new taxes, spending cuts and debt restructuring.

No pension obligation bonds, scoop-and-toss, or backtracking on borrowing for operations are planned in the Chicago mayor’s budget fix.

Vineyard Wind is revealing new details of its bid to develop an offshore wind farm off the southern coast of Massachusetts, including new investments in Bridgeport to convert a section of the city's fading port complex into a robust operations and maintenance hub.

The public university in Ohio is refunding lease revenue debt as it continues to deal with enrollment declines.

S&P Global Ratings revised to positive from stable the outlook on its BBB-plus rating for the long-troubled city on the Delaware River.

The proposed 2020 Cook County spending plan comes ahead of Chicago's budget that must tackle a more than $800 million gap.

J.B. Pritzker wants lawmakers to pool the assets of hundreds of local public safety pension funds outside Chicago into two statewide funds.

William Glasgall, Senior Vice President and Director of State and Local Initiatives at the Volcker Alliance, sits down with Chip Barnett and Lynne Funk to talk about why states should bolster their rainy day funds.

Mismanagement of real-property related taxes may be shortchanging an MTA revenue stream, said city Comptroller Scott Stringer.

Budget pressuresled Fitch Ratings to downgrade New York's second-largest city to A-plus from AA-minus.

Mayor Karen Freeman-Wilson said the city is forging ahead with the transaction to raise money to help pay its bills.

More than 300 market participants, including 100 investors, attended the city's annual conference Friday to hear from Mayor Lori Lightfoot.

Moody’s Investors Service citied continued operational and performance improvements for the upgrade to Baa1.

The latest garnishment request comes as a task force on downstate and suburban public safety fund consolidation nears recommendations.