Politics

With Chicago-area transit's fiscal cliff looming, the area's transit agencies are searching for revenue fixes and prepping for two key milestones this fall.

Changes to the federal tax code affect how states manage their budgets depending on how or if the state tax codes conform to the new rules.

A flagship program under the Infrastructure Investment and Jobs Act, the EV charging station initiative was slow to take off despite $5 billion of federal funds.

The fiscal 2026 budget would increase police and fire funding by $63.1 million as the city works to comply with a voter-approved public safety spending mandate.

A flow of public dollars to private schools has raised credit concerns about public schools and spurred litigation in Southwest states.

The University of California is slated to price $1.5 billion in revenue bonds next week even as it battles Trump administration threats to research funding.

Both sides of the muni market would be affected by new tax schemes being weighed by states with growing populations and dwindling revenues, according to analysts.

"Nothing could delay a restructuring or a consensual deal [more] than the existing board was doing," said Assured Guaranty CEO Dominic Frederico of the Trump administration's removal of Puerto Rico oversight board members.

An Emerson College poll showed Lt. Gov. Eleni Kounalakis in seventh place in the crowded governor's race as she made the announcement Friday.

Trump advisers are impressed with Waller's willingness to move on policy based on forecasting, rather than current data, and his deep knowledge of the Fed system as a whole, the people said.