Search

Cook County, Illinois' fiscal picture for next year and beyond is on the upswing with $1 billion in federal COVID-19 pandemic relief and rosier revenue projections. General fund revenues will rise by $85 million to $1.98 billion due to stronger than expected online sales as well as cannabis tax receipts, and an uptick in fee revenue from property sales and the reopening of the court system. [Extracted from the article]

The article reports on the statement of Westchester County, New York County Executive George Latimer about the contract for amusement park operator Standard Amusement to take over Playland in Rye, along with his consideration of the proposed 2019 country budget and the need for revenue sources.

The article offers information on the release of an executive budget proposal for the 2019 fiscal year by Yonkers Mayor, Mike Spano. It mentions that there is a chance of increasing the property taxes under the budget; plan to restructure the city's government which the city council will request state aid under the Financial Restructuring Board for Local Governments. Also talks about Incentives for Municipalities (AIM) program created to consolidate a number of local funding.

The article offers information on the U.S. budget and its impact on the Supplemental Nutrition Assistance Program (SNAP). Topics discussed include budget cutting for SNAP; introduction of Harvest Boxes, Blue Apron meal kit program that provide American-grown foods to low-income households; and good impact of Harvest Boxes on food retail industry.

The county that includes Chicago projects a surplus this year that will replenish a reserve draw and a modest $121 million gap is projected next year. [ABSTRACT FROM AUTHOR]

New York State fiscal control board asks Long Island county to create contingency plan for confronting future deficits as a requirement for its new $3.3 billion budget. [ABSTRACT FROM AUTHOR]

Lawmakers approved a plan that would have the Nassau Interim Finance Authority issue 15-year deficit finance bonds to achieve debt savings. [ABSTRACT FROM AUTHOR]

Republicans in the New York county's legislature oppose the debt restructuring, which would save the county an estimated $285 million in interest next year. [ABSTRACT FROM AUTHOR]

A $3.3 billion budget proposal from County Executive Laura Curran hinges on refinancing outstanding bonds through triple-A-rated Nassau Interim Finance Authority. [ABSTRACT FROM AUTHOR]

Sharp revenue losses caused by the pandemic triggered a negative credit outlook for Long Island's Nassau County as it prepares to roll out a new fiscal plan to combat a budget hole. [ABSTRACT FROM AUTHOR]

Cook County, Illinois president says new taxes or fees are on table to close the shortfall. [ABSTRACT FROM AUTHOR]

The article reports that Cook County, Illinois, Board President Toni Preckwinkle has forecast for the County's Fiscal 2016 budget. Topics discussed include Preckwinkle's views stating that the 2016 budget would be challenging, her proposal for one percent increase in the County sales tax and views of former Cook County Board President Todd Stroger in his June 23, 2015 interview.

The article discusses the impact of Union Budget for 2015 of India on the automobile industry. It offers information on the steps suggested in the Budget and the allocation for production and adoption of electric vehicles in India. Views of top names of the automotive industry including Joe King Head, Audi India, Eberhard Kern MD & CEO, Mercedes-Benz India and Sumit Sawhney CEO & MD, Renault India on the Budget is also presented.

The article forecasts the U.S. government budgets and spending for 2017. Topics discussed include second consecutive annual increase in the resident income tax rate; construction of American Parkway Bridge in Allentown, Pennsylvania to revitalize the waterfront on the western bank of the Lehigh River; and plan of U.S. president Donald Trump to invest more in infrastructure repairs and construction.

The article presents the author views over concerns related to unfunded mandates of Albany that impact county budgets with proliferation in property taxes for the region; and rejection of governor's plan by the New York State Conference of Mayors & Municipal Officials (NYCOM) for sharing services.