States most reliant on personal income taxes (41 have them): 1) Oregon: 62.3% 2) New York: 59.5% 3) Massachusetts: 56.1% 4) Georgia: 53.9% ... & least reliant: 38) Vermont: 28.7% 39) Mississippi: 24.9% 40) New Mexico: 15.1% 41) North Dakota: 8.8% pew.org/472EZvn

New York Governor Kathy Hochul has indefinitely postponed a plan to charge motorists driving into much of Manhattan trib.al/9Qr48Jc

NEW: An internal CPS memo obtained by Chalkbeat Chicago cautions against a suggestion from City Hall to borrow to cover non-teacher pension costs, raises for teachers and principals. Solid reporting from Reema Amin chalkbeat.org/chicago/2024/0…

DR. FLEMING'S STATEMENT ON BANK OF AMERICA Baton Rouge, LA - As Treasurer, I have recommended that Bank of America not be approved as an authorized fiscal agent in the State of Louisiana per LRS 49:317 and 320. Read more here: treasury.la.gov/2022-2023-pres…

Martinez was right to oppose a City Hall request that CPS take out a short-term, high-interest loan to cover the pension payment & new CTU contract. These short term high interest loans are NEVER a good idea. (1/2) chicago.suntimes.com/education/2024…

SF Bay Area's $20 billion housing bond is removed from the ballot dlvr.it/TC5ztj - The Bond Buyer $$

The mayor claimed reporters who asked about speculation that board members would resign “lived in rumors,” and that “he lived in the truth.” Two days later, all the board members resign.

Mayoral foes delay debt refinancing plan chicago.suntimes.com/city-hall/2024…

Rating agency rings warning bell on Chicago amid $982m shortfall: Kroll puts city on watch for downgrade "reflecting mounting fiscal challenges." whether an downgrade happens is "pending the outcome of budget deliberations by the Chicago City Council."

New York is moving forward with congestion pricing & a plan that strengthens public transit while putting commuters first. Here’s how ⤵️

Chicago gets 2nd downgrade warning. S&P says at least one-in-two chance of downgrade "pending the passage of the city's fiscal 2025 budget and our assessment of whether its credit quality has deteriorated due to heavy reliance on one-time budget-balancing measures."

Ways and Means reconciliation menu would eliminate tax exemption for municipal bonds, a nightmare-come-true for cities, states and muni market participants who have worried about the scenario for months. Doesn't mean it'll happen, it's a wide-ranging menu of potential options

NYC congestion pricing axed as Trump pulls approval of hated toll trib.al/b3VS158

Mayor Brandon Johnson warns he will need to dip into reserves unless school board approves pension payment, borrowing trib.al/AyMwfit

To say that this development reported in the Tribune is disconcerting would be a huge understatement. Mayor Brandon Johnson warns he will need to dip into reserves unless school board approves pension payment, borrowing chicagotribune.com/2025/02/25/bra…

Ways and Means tax draft leaves untouched the municipal bond tax exemption - something the market had worried about for months after a House document targeted the infrastructure financing tool. Lobbyists are "thrilled" but say the process has only just begun.

Chicago holds its annual investor conference today -- and this year blocked media from attending. Several media orgs, including The Bond Buyer, pushed back to no avail. It's not a good look. As an investor said: "Being secretive raises new questions." bondbuyer.com/news/chicago-t…

Outrageous move from Mayor Brandon Johnson, who’s breaking with a long tradition of transparency by barring media from investor conference. It’s a real attack on the public’s right to know about Chicago finances/spending plans, a 180 from past/last year. chicagotribune.com/2025/05/15/may…

Deja Vu. The Bears again w/ the full stadium misdirection package. A hard count to bait Springfield, play-action fake to sell the lakefront dream, then a double reverse back to Arlington. This isn’t a development plan, it’s a masterclass in stadium whiplash. And it isn’t over.

When Chicago Mayor Brandon Johnson's administration banned press from its recent investor conference, it claimed the move was consistent with "peer cities." Turns out, that's not true. bondbuyer.com/news/investor-…