Even with more federal rescue aid, which is hardly a given, the Metropolitan Transportation Authority may have to resort to deficit borrowing.
A study of county governments to be presented at this year's Brookings Municipal Finance Conference shows federal pandemic aid led to a mild reduction in borrowing costs, a drop in credit quality and a preference for short-term over long-term debt instruments.
States have taken a wide variety of approaches to their uses of pandemic aid.
The Department of Treasury had until Aug. 31 to file an appeal and failed to do so.
Circuit Judge John K. Bush cited Alexander Hamilton's insistence in the Federalist Papers that states would retain their authority over their own taxation.
Airports are being squeezed by modernization demands and servicing existing debt.
The nation's top court may well have to weigh in on the constitutionality of the strings attached to the federal pandemic aid.
A panel discussion hosted by the Volcker Alliance explored the future of American cities
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A panel discussion hosted by the Volcker Alliance explored the future of American cities
January 19
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Many local governments are taking this opportunity to partner with neighbors to help strengthen and build more ambitious projects across regions.
July 19
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Most large states are using pandemic aid for revenue replacement and this will be an issue in the future, an academic says.
June 24
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Hiring qualified candidates for many positions within state and local governments has reached its worst period in 50 years, panelists at the 116th annual GFOA conference said on Sunday.
June 7
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While the path back to pre-pandemic office life remains uncertain, a protracted remote work reality may be a harbinger for future credit rating downgrades of cities heavily dependent on commuter-driven revenues.
June 2
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The recovery is expected to continue this year and into next as the tourism industry looks to surpass 2019’s record-setting year.
May 4
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Moody's views 16 first time payment delinquencies over the last two years impacting $1.46 billion of debt as related to the pandemic's toll on the senior-living sector.
April 18
