Budgets

The tax hike should provide new recurring revenue that restores structural balance after years of weak reserve levels, according to S&P Global Ratings.

Mount Vernon Mayor Richard Thomas pleaded guilty to stealing $13,000 in campaign funds and failing to disclose a $4,000 payment from his campaign committee.

Poor returns piled another $2 billion onto Chicago's pension tab, but it won't add to the already $280 million contribution spike looming next year, according to its new CAFR.

Moody's Investors Service revised the outlook on its A2 rating for Yonkers, New York, to negative from stable.

Three-quarters of New York subway stations are inaccessible to wheelchair users, who must fight for funds to install elevators and other upgrades.

The Michigan Supreme Court ruled that Macomb County is not contractually bound to provide lifetime healthcare benefits to retirees.

Kathy Wylde, president of the business group Partnership for New York City, discusses the city's economic climate and related issues including transit, site selection, technology and the new rent overhaul law. Paul Burton hosts.

The city expects to save about $22 million in fiscal year 2020 from terminating the programs, Mayor Lori Lightfoot said on Thursday.

The Detroit Water and Sewerage Department is promising a five-year, $500 million capital program to upgrade water and sewer pipes.

It’s Democrat vs. Democrat with Gov. Phil Murphy and legislative leaders debating competing spending plans as the July 1 deadline quickly approaches.