Budgets

The school district's borrowing plans got a boost Thursday from S&P Global Ratings, which upgraded it to B-plus from B.

The New York State Financial Control Board went into "sunset mode" for a 32nd straight year.

The fund returned 8.03% in FY18, ahead of its 7% annual target and ahead of its own benchmark, which returned 7.59%.

S&P Global Ratings lowered the Connecticut city to BBB-plus from A-minus, and Fitch Ratings dropped the city to BBB from A-minus.

The school district scaled down its original proposal for a capital bond referendum and operating referendum.

A Pennsylvania Supreme Court ruling allows the city to move ahead with borrowing plans that were placed on hold during its legal fight.

The debt of New York’s MTA prompted board member David Jones to question whether the authority should have a debt cap.

Rural governments continue to lose economic ground, according to a Moody's Investors Service report.

The Municipal Securities Rulemaking Board named Gary Hall as its next chair and Edward Sisk to become vice chair. It also temporarily cut fees to reduce excess reserves by $2.6 million.

Henry County Superior Court Judge Arch McGarity ruled that bills signed by Georgia Gov. Nathan Deal in May did not violate the state constitution.

The tax proposal will appear on the county's November ballot.

Luke Bronin, in an interview at the Brookings Municipal Finance Conference, said Connecticut's capital city is "in a stronger position than we’ve been in a long time."

Mayor Paul George wants to bring the city into the Act 47 workout program for struggling municipalities.

“Nassau County is in a fiscal crisis bordering on a fiscal emergency,” said the new Comptroller Jack Schnirman.

The deposit exceeds some pre-budget estimates that the fund would receive $14 million, said Gov. Tom Wolf.

The federal government ran a $74.9 billion deficit in June, the Treasury Department reported Thursday.

The Philadelphia Parking Authority, already under state scrutiny for costing public schools nearly $78 million of revenues because of mismanagement, is now a focus of the city’s new fiscal watchdog.

New York City’s Department of Finance continues to pay businesses that owe millions of dollars in past due taxes, according to an audit by Comptroller Scott Stringer.

The school district established a leadership team as it exercizes local control for the first time in more than 16 years.

The combined $10 million payment by Aetna, The Hartford and Travelers is a positive for Connecticut's struggling capital, according to Moody's Investors Service.