Budgets

With Philadelphia’s general fund surplus returned to near pre-recession levels, the city’s fiscal watchdog says now is the time to prepare for the next economic downturn.

The pace of recovery varies widely, and many local government budgets are in worse shape than before the 2008 financial crisis.

The 50 City Council members will ultimately have to sign off on new revenue needed to achieve actuarial funding.

The Puerto Rico Oversight Board has voted unanimously to ok a five-year fiscal plan that faces local government opposition.

Moody's Investors Service lowered its outlook for the county's Aa1 rating.

Gage County had consulted a bankruptcy attorney, who told officials it wouldn't qualify for Chapter 9.

S&P Global Ratings cautioned Chicago's leaders about issuing pension obligation bonds and avoiding a backslide on budget progress.

Long Island’s Nassau County is staring at its lowest budget deficit in four years, according to its state fiscal control board.

Only two Michigan school districts remain under state oversight.

Andrew Kleine discusses his new book “City on the Line,” which takes readers through his rollercoaster 10-year run as Baltimore budget director — from arriving amid the Great Recession, working with Mayor Stephanie Rawlings-Blake in the lead up to the 2015 riots and implementing outcome based budgeting to achieve a fiscal turnaround. Hosted by Andrew Coen.