Politics

Getting project grant agreements in place, which formally releases the federal funds, is taking more time than expected.

"We believe pensions have an elevated probability of stressing the state and local governments' budgets even as Illinois has made supplemental contributions above the statutorily required amounts," S&P Global Ratings analyst Joseph Vodziak said.

The bank hasn't managed debt sales in Texas since a measure took effect in 2021 that bars governmental entities from working with companies that "discriminate" against firearms businesses. BofA's "current risk-based framework and policies" can comply with that law, a lawyer for the bank has told the state.

The Brent Spence Bridge and Hudson Tunnel were among last year's winners of the sought-after federal Mega grants.

State lawmakers passed bills aimed at the city's home-rule powers and a union contract impasse, as well as funding for a convention center expansion.

California Gov. Gavin Newsom and lawmakers struck a budget agreement just days before the start of the fiscal year.

The Police and Fire Retirement System lacks authority to shift to a 20-year amortization of unfunded legacy liabilities from the 30-year term laid out in the city's bankruptcy exit plan, according to a judge's ruling that eases one fiscal pressure point for the city.

The early redemption plan saves the state $266 million in interest payments and allows pull-tab gambling revenue to flow to the general fund.

After holding at its last meeting, the Federal Open Market Committee may decide to raise rates again in July.

As the Republican-controlled state House and Senate remain divided on how to deliver a historic tax cut, the governor vetoed dozens of bills to pressure lawmakers.

The Nevada System of Higher Education regents are expected to select a new chancellor by the end of June. Former treasurer Kate Marshall is a finalist.

The Republican ESG bill calls for studies on key muni market issues, including bans on soliciting business, ESG disclosure and investment decisions by underfunded state and local pension plans.

Gov Maura Healey touted new spending on green energy, transportation, and housing in releasing the five-year Capital Investment Plan.

What's the impact of hybrid work on the city's commercial office market and property tax revenues? It may be less than you think, according to Comptroller Brad Lander.

The plan includes a bump to public employee salaries and new spending on education.

The task force expects to "form sub-groups to address specific pension issues and dedicated revenue as part of a comprehensive and balanced approach."

The gap next year is up from the $18.2 million shortfall projected heading into the fiscal 2023 budget season but down from the $121.4 million projection in 2022 and the expected near-record $410 million hole that loomed in 2021.

The "act to increase compliance by counties and municipalities that fail to timely submit an annual audit report," was called too harsh by Gov. Roy Cooper.

Delegates from Florida and Alabama are among those hunting for partnerships to cement their states' roles in the global aerospace industry.

Powell is set to appear on Capitol Hill this week for his semi-annual monetary policy testimony, the first time the Fed chief will answer questions from Congress in public since early March.