Over 10 years, the city of Detroit went from the nation’s largest municipal bankruptcy to investment-grade status.
Moody’s Investors Services gave Detroit a rare two-notch bond rating increase from Ba1 to Baa2 with a positive outlook, returning Motor City to investment-grade status for the first time since 2009.
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Metro Nashville plans to backstop between $150 million and $250 million of the $760 million in revenue bonds taken out by the Metro Nashville Sports Authority for a new estimated $2.2 billion Tennessee Titans stadium if the deal is approved in April by both the sports authority and the Metro Nashville Council.
Financial details of the deal were presented to the sports authority Tuesday after a similar meeting scheduled for Monday with the city’s finance committee was postponed following the Covenant School shooting that left seven dead.
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Georgia continues to see increasing revenues, new numbers show.
The state’s total general fund receipts in August exceeded $2.3 billion. That represents an increase of 8.5%, or $180.4 million, over last August when net tax collections topped $2.1 billion.
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A major change in public records requirements for some of Pennsylvania’s best-known universities is working through the General Assembly.
Yet, while expansive, it would leave the public with less information about higher education than is available in other states.
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Pennsylvania’s economy will have modest real economic growth but also a dip in tax revenues in the next fiscal year as one-time boosts fade away, according to the latest revenue estimates from the Independent Fiscal Office.
The estimate for fiscal year 2022-23 does not assume a recession will hit, but does assume inflation will still be a problem, which cuts away at real gains in areas such as wages and salaries.
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The University of Michigan paid Ibram X. Kendi $20,000 to speak at a one-hour virtual event in November 2020.
Campus Reform obtained the contract through a public records request, which detailed that the November 11 speaking engagement would occur on Zoom.
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Higher than expected revenues for the month of April resulted in the state’s budget surplus exceeding $2 billion with three months remaining in the 2020-2021 fiscal year.
Commissioner of Tennessee’s Department of Finance and Administration Butch Eley made the announcement Friday that April revenues of $2.5 billion resulted in a $596.7 million surplus for the month of April 2021.
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