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William Glasgall of the Volcker Alliance explores deficits, budget cuts, rainy-day funds and borrowing options amid the COVID-19 pandemic. Paul Burton hosts.
April 28 -
The large Illinois county says it's too early to say how it will close its more than $200 million gap, but it has reserves and is lobbying for federal relief.
April 24 -
Mayor Eric Garcetti declared a state of fiscal emergency when he delivered his budget proposal for fiscal 2021.
April 23 -
The rating agency delivered the latest coronavirus-related hit to the city's ratings by cutting its outlook. The city's GO bonds were affirmed at AA.
April 22 -
Despite severe budget stress, the city and state can take some meaningful actions, such as reviving the restaurant industry, expanding the role of P3s and rebuilding multi-purpose infrastructure, analysts say.
April 21 -
In the wake of the COVID-19 pandemic, the city's budget shrinks by $6 billion.
April 17 -
New York's mayor announced sharp cuts, a draw on reserves and a call for further assistance from Washington.
April 16 -
The city faces the loss of $348 million of revenue because of the economic shutdown, threatening the balanced budgets it needs to avoid state intervention.
April 16 -
The city is projecting a $100 million deficit in its current budget once the public health crisis caused by COVID-19 eases, Mayor Mike Duggan said.
April 8 -
The council wants to focus on the social safety net in light of the COVID-19 pandemic.
April 8