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The city needs to continue meeting pension commitments and moving to structural budget balance despite the coronavirus pandemic, the rating agency said.
October 23 -
New York's mayor is shifting $466 million to the current fiscal year’s capital budget to tackle affordable housing needs to offset some of his coronavirus-related cuts.
October 23 -
Refinancing and restructuring debt plays prominently in the city's budget plans
October 21 -
Options for local governments amid the coronavirus range from rainy-day withdrawals to pension payment delays, and renewed calls for shared services and mergers.
October 21 -
Illinois' largest county's proposed 2021 budget closes a $400 million hole without tax hike or major layoffs.
October 15 -
Detroit is selling $80 million of its speculative grade-rated GO paper with more on tap should voters sign off on $250 million of blight borrowing.
October 14 -
Annual debt service could spike to $4 billion by 2024, or up 55% since 2019, making up 24% of the agency's total revenues, Thomas DiNapoli said.
October 13 -
Adam Andrzejewski, CEO of OpenTheBooks.com, cites years of reckless spending and mismanagement. Paul Burton hosts. (14 minutes)
October 13 -
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Disney in late September said it would lay off 28,000 employees at California's Disneyland and Florida's Walt Disney World resorts.
October 8