Illinois in the spring cut its fiscal 2020 and 2021 revenue estimates by more than $7 billion due to the pandemic.
Oklahoma returned to a positive trend in tax receipts in July, but Treasurer Randy McDaniel cautions that troublesome signs remain.
Sources say compromises on top line issues like unemployment insurance spells a higher likelihood for a COVID-19 relief bill to pass and more aid to state and local governments.
Small businesses make up 98% of businesses in the city, and its coffers have taken a huge hit during the pandemic.
Failure to aid one could hurt the others, according to the state comptroller's review of the city's financial plan.
Ahead of the state's $1.2 billion sale next week, S&P revised its outlook on the AAA rated state to negative
With help from federal stimulus funding and online sales, Texas sales tax revenues turned positive in July. However, other tax revenues have fallen significantly.
The Democratic governor has requested changes to a municipal bonding bill that would have empowered local governments to borrow for offsetting revenue losses from the COVID-19 pandemic.
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The Democratic governor has requested changes to a municipal bonding bill that would have empowered local governments to borrow for offsetting revenue losses from the COVID-19 pandemic.
August 4
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With many states facing more coronavirus cases, experts are split on what the report will show.
August 4
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Dealers are not seeing demand and are therefore not trading inventory this summer, sources say.
August 4
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House Speaker Nicholas Mattiello has filed bills calling for a referendum on boosting the state's reserve balance to 10% of annual general revenue over a decade.
August 4
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Kathy Wylde, president of the Partnership for New York City, charts a path for restarting the city's economy, including a digital buildup and public-private partnerships. Paul Burton hosts.
August 4
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James Tricolli is out at RBC while Bob Spangler takes the helm and the firm looks to grow.
August 3
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Minnesota’s projection of a $2.4 billion gap in the current budget cycle remains on target, but another $4.7 billion gap looms in the next two-year budget as the toll mounts for the COVID-19-induced economic shutdown and recession. The state plans to sell $1.2 billion of GOs next week.
August 3
