The rating agency moved its outlook for Illinois to stable from negative, citing budget progress and an April tax windfall.

University of Alaska President Jim Jensen has six weeks to craft a plan to consolidate three universities.

The new law lowers contribution rates for some agencies and allows them to opt out of the worst-funded pension plan in the country.

The rating agency cited an on-time budget and a rainy-day deposit in boosting its outlook on Pennsylvania's AA-minus rating to stable from negative.

The state brings two triple-A ratings to the competitive sale of $673 million of general obligation bonds.

Proceeds will finance a 6.7-mile section of the North Tarrant Express to add four toll lanes to a section of Interstate 35 north of downtown Fort Worth.

Charlie Baker's far-reaching package includes nearly $5.7 billion for the Massachusetts Bay Transportation Authority, which runs Greater Boston mass transit.

The GOP proposal would slow down the full funding of the closed pension system, using annual savings for roads.

A growing interest in broadband is drumming up support, though state laws are making it challenging for municipalities to do the deals.

The Metropolitan Transportation Authority board accepted a consultant's far-reaching transformation blueprint that leaves many questions unanswered.

Facing Gov. Mike Dunleavy's 40% cut in state funding, the regents passed a measure allowing it to lay off tenured professors and close campuses.

Gov. Charlie Baker has 10 days to review the $43.1 billion spending plan.

State officials hope boosts to two rating outlooks, an on-time budget, pension revisions and higher reserves will benefit its $244 million refunding.

Gov. Charlie Baker is backing an acceleration plan that is supposed to enable Greater Boston’s mass transit system to catch up after years of neglect.

The budget plan was more than two weeks overdue.

Fitch Ratings has developed two indices tracking LGIPs.

Illinois is building a foundation to chip away at the state’s massive fiscal challenges, according to Deputy Governor Dan Hynes.

The new budget draws down fund balances for new spending and tax relief but improving reserves and fully funded pensions cushion the state's ratings.

Separating capital construction projects from transit operations at the Metropolitan Transportation Authority quickly generated many questions and some pushback.

A state report says Connecticut should consider converting eligible state assets into a trust and using state lottery proceeds for its public pension systems.