Politics

Illinois General Assembly leaders canceled the annual veto session amid rising COVID-19 cases, which means lawmakers won't act on the state budget before January.

The state’s economic downturn has yet to subside, State Treasurer Randy McDaniel said.

Skanska and its Elizabeth River Crossings partner, Macquarie Infrastructure Partners, will sell the concession to an Abertis Infraestructuras S.A.-led venture.

MBTA officials insist the moves, which include a capital-to-operating budget shift, are necessary to help seal a coronavirus-related $579 million operating gap.

With continuing weakness in oil fields, restaurants and stores due to the pandemic, Texas saw sales tax collections fall 3.5% year-over-year.

The most significant revenue loss in Florida continues to be the drop in sales tax collections in the tourism and hospitality industries.

California's progressive tax system preserved revenues amid the COVID-19 pandemic, Legislative Analyst Gabriel Petek told a Bond Buyer conference audience.

As more people work from home, people could be more focused on building out broadband infrastructure.

A long-planned Maryland light rail system, which has encountered financial and legal obstacles, could make it tougher for large-scale P3 transit projects, according to analysts.

New Jersey had a choice between the Federal Reserve’s Municipal Liquidity Facility and the muni market for its upcoming $4 billion borrowing.

New York Gov. Andrew Cuomo is holding off on addressing a widening revenue gap until after the election, hoping a Democratic win will mean more stimulus, a move analysts criticized.

The securities industry was buoyed by federal stimulus and a massive influx of liquidity, report says.

Options for local governments amid the coronavirus range from rainy-day withdrawals to pension payment delays, and renewed calls for shared services and mergers.

Tough decisions on spending and taxes lay ahead if Illinois voters reject a progressive income tax structure and federal coronavirus relief fails to pan out.

With $3.6 billion less than expected in revenues, the governor proposed using part of the commonwealth's rainy-day fund, leaving $2.2 billion for future shortages.

Declining occupancy levels at privatized student housing projects are likely to continue into early 2021 as the sector confronts headwind from the COVID-19 pandemic, according to analysts.

New Jersey and Nevada were the only states to exhaust their reserves in the early months of the COVID-19 pandemic.

Low oil prices and the pandemic slowed the Lone Star State's revenue stream.

The state's financial downturn shows signs of improvement, treasurer says.