The outlook shift to stable from negative is a badly needed shot in the arm from the capital markets as the city prepares to come out of the COVID-19 pandemic.
State Comptroller Susana Mendoza urges the Treasury Department to change its guidelines to allow the state to pay off MLF loans with ARP funds.
The city and state want to use ARP funds to repay debt issued to manage the pandemic but Treasury's initial guidance would derail those plans.
Not only do government entities have new federal funds destined to reach them soon, but citizens also are supporting bond elections in record numbers.
Treasury’s 151-page interim final rule provides broad latitude for how the money can be spent.
Gov. J.B. Pritzker is now willing to fully fund a scheduled education funding hike but other contentious issues remain, notably corporate tax breaks.
While the race has drawn few headlines compared with the battle for mayor, a dozen hopefuls are running for the office.
The ratings agency said it action reflects the state’s solid economic recovery from the COVID-19 pandemic.
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The ratings agency said it action reflects the state’s solid economic recovery from the COVID-19 pandemic.
May 5
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Reopening would help a public agency that needs $15 million in state help to cover debt service this year and is asking for additional operating subsidies.
May 4
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A year after the pandemic struck the nation's economy, Texas sales tax collections hit an all-time record for April.
May 3
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The states intend to come to market with $600 million and $1 billion, respectively, bringing state GO credits in an improving credit environment that has held yields down.
May 3
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Federal and state aid camouflage danger around the corner, fiscal watchdogs and others insist.
April 30
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Congestion pricing, a Manhattan Greenway, open-streets programs and a plethora of other uses are all at play as city officials plan a recovery from COVID-19 and a full reopening of the city by July 1.
April 29
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The settlement shifts about $30 million of hospitality fee revenue from Horry County, South Carolina, to local governments there, including Myrtle Beach.
April 28
