Public finance

The budget has become a bone of contention between the mayor and city council members.

A majority of states leverage their revolving funds to issue municipal bonds to finance local projects.

Municipal bonds were mixed on Thursday as a New York issuer competitively sold $1.6 billion of notes.

A conservative budgeting approach in the wake of severe fiscal distress led S&P Global Ratings to revise its outlook to positive.

The city has finalizeda consulting contract with an advisory team for a possible airport lease.

A ballot measure in November will ask voters to reverse the tax increase and construction package lawmakers approved in 2017.

The $425 million bond measure would pay to strengthen a seawall and protect against earthquake and flood risk.

The state Supreme Court's reaffirmation of a 2015 pension overhaul settlement is credit positive for Rhode Island, according to Moody's.

Municipals qwere mixed a day after the Federal Reserve raised interest rates while in the primary, a New York issuer competitively sold $1.6 billion of notes.

Chicago Mayor Rahm Emanuel's administration and The Boring Company will begin contract negotiations on a high-speed tunnel system.

Philadelphia City Controller Rebecca Rhynhart discusses her election victory last year knocking off a longtime incumbent along with some of the city’s most pressing fiscal issues including a controversial soda tax and whether to continue providing abatements on new construction. Andrew Coen hosts.

State officials say the new funds will increase the local share of funding for Gateway and improve the project's chances of getting federal funds.

The consent decree that New York City has signed with federal prosecutors over problems at the Housing Authority will not have a negative impact on the $89.15 billion Fiscal 2019 budget.

The new plan keeps property taxes flat and shows the city's continued progress in righting its fiscal ship, according to a state governing body.

The spending plan heads to Gov. Rick Snyder for his expected signature.

City officials repealed the tax saying they feared they would lose at the ballot.

Municipal bonds turned weaker after the Federal Reserve raised interest rates.

The April-approved fiscal plan had said just 39% of senior and senior subordinate bond debt would be paid in the next fiscal year.

A nonprofit overseen by the Seattle-based Public Facilities Group will sell the bonds.

The second Illinois municipality stung by new state pension intercept rules has settled with its firefighters' fund.