State budgets

The Big Apple should be prepared to weather a big downturn, so the City Council is urging the mayor to put additional reserves into his budget proposal.

Illinois lawmakers returned to work this week with less than two months to settle on a budget.

Restructuring expert Michael Imber of EisnerAmper explains how in-kind real-estate asset contributions could curb the state's steep unfunded liability. Paul Burton and Chip Barnett host.

For the first time in nearly 30 years, Oklahoma has raised taxes to deal with a teachers strike, a credit positive step, says Moody's Investors Service.

The Legislature's budget failed to provide debt service on some bonds, decimated reserves, and lacked full funding for core services, Gov. Matt Bevin said.

Employers in New York also are allowed to implement a 5% payroll tax as a way of paying some of their employees’ state income taxes.

Illinois spreads are rising as the state plots its first sale of 2018 for May.

The city's issuer rating from Moody's Investors Service remains mired in speculative-grade territory.

Bill Glasgall, senior vice president at the Volcker Alliance, and Sarah Swanbeck, from the University of California at Berkeley, discuss how the state of California became the comeback kid in finances. What is the state doing right with its budget? Where do its finances need improvement? And what’s the outlook for the state going forward? Chip Barnett hosts.

The question of whether to cover Virginians under the Affordable Care Act prevented a budget from passing during the regular session.

Surging sales tax revenue shows economic strength across several sectors, Texas Comptroller Glenn Hegar says.

Kentucky lawmakers approved a $22 billion biennial budget bolstered by cuts for most state agencies, transfers and new revenue.

Moody's labeled the Illinois high court's refusal to hear an appeal on step raises a "credit negative" for the state.

The budget approved over the weekend fails to address long-term fiscal challenges, according to analysts.

Many teachers went on strike Monday after state lawmakers approved a pay raise that represented about half of what they sought.

The competitive issuance will include roughly $35 million of taxable bonds.

Hartford's council authorized an agreement for the state to pay the city's debt over two decades while accepting state oversight.

The state has agreed to pay off Hartford's general obligation debt — about $550 million over the next two decades or so — as part of the bailout promised to the city under the most recent state budget.

Gov. Phil Murphy is targeting New Jersey Economic Development Authority tax incentive programs.

Democratic challenger J.B. Pritzker will take on Republican incumbent Bruce Rauner.