Optimistic investment assumptions are the primary cause of public-sector pension plan underfunding, according to a report by Hilltop Securities.

State Treasurer Randy McDaniel said the state’s efforts to increase reserves, eliminate structural deficits, improve pension finances, and diversify the state’s economy are working.

Illinois Gov. J.B. Pritzker's administration says the forecast shows that Illinois needs to change its income tax structure.

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.

A Senate committee has approved a bill requiring remote sellers to collect the state's 6% sales tax. It could generate $700 million in new revenue.

Fitch Ratings affirmed Denver International Airport after the collapse of a public-private partnership to remodel the main terminal.

Andy Byford, president of the Metropolitan Transportation Authority's transit division, wrote a letter of resignation before rescinding it.

The agency is holding an "innovation challenge" in search of a public-private partnership to parallel its largely unused rail link to the new destination mall.

The state avoided a government shutdown, enacting a budget that came with over 100 line item vetoes by the Democratic governor.

Climate expert Alan Rubin of Blank Rome LLP discusses resiliency and recovery funding mechanisms, rating agency dynamics and how states and cities can cope effectively. Paul Burton hosts.

The state aid will be especially helpful for cash-strapped municipalities that are already charging customers high water rates, Moody's said.

Fitch raised the airport's rating by one notch to A, citing rising traffic levels and robust financial metrics.

Recent events in Oklahoma's P3 may cause major muni market funds to think twice before purchasing the state's bonds.

Massive borrowing for essential projects in the face of a projected deficit spike is a dilemma as its $51.5 billion capital program undergoes scrutiny.

Spending and economic strains loom as challenges for the state government, S&P Global Ratings’ Carol Spain said in a recent presentation.

Miami-Dade County is seeking proposals from firms to build a transit link across Biscayne Bay.

The Bourne and Sagamore bridges over the Cape Cod Canal are functionally obsolete, according to their owner, the Army Corps of Engineers.

The strength of the state’s credit profile, coupled with a supply-demand imbalance for tax-exempt bonds, has helped the state in the market, a new report says.

The city is asking private operators interested in leasing Lambert Airport to submit their qualifications, a move likely to lead in to a bidding process.

Hawaii moves ahead on plans to construct a new college football stadium amid concerns about declining attendance at college games.