Debt

The state's benchmark debt ratio for debt service to revenue is at 3.78% — well below a 6% target and 7% limit.

A Reason Foundation study found K-12 debt steadily rising since 2014.

The nation's second most populous state plans to expand debt issuance despite the continuing pandemic.

The $2.5 trillion increase is expected to get the U.S. through 2023.

Even short government shutdowns create uncertainty and risks for city leaders.

The Justice Department analysis was released Wednesday in conjunction with a House Natural Resources Committee hearing on two competing bills aimed at determining the territory’s future.

Illinois is among the states that critics say have downplayed their unfunded long-term debts and should be forced by new GASB rules to become more transparent.

Munis were stronger across the curve as secondary trading was constructive and bellwether credits moved yields lower.

Such moves could reduce costs by up to $180 million in present-value savings, Joe Torsella said.

Analysts warn that borrowing planned in a revised New Jersey budget will result in lasting fiscal distress as it pays back the debt.