Topic
municipal finance
2 stories related to this topic, newest first.
LucaLindholm / Wikimedia (CC BY-SA 4.0)world27 days ago
S&P Global Ratings Lowers Credit Rating on New Orleans Amid Financial Challenges
S&P Global Ratings has reduced New Orleans' credit rating by one notch due to ongoing financial difficulties. The downgrade reflects the city's struggles with budget shortfalls and pension obligations. This action highlights broader fiscal pressures facing the municipality.
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Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)world29 days ago
US Cities Face Challenges in Funding Worker Pensions and Public Benefits
Major US cities including New York and Chicago are encountering difficulties in sustaining increases to workers' pensions alongside expanded public benefits. Economist Allison Schrager, in an opinion piece, argues that such expansions are not financially viable. The analysis high…
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