U.S. State Budgets
TEXT-Fitch rates New York City GOs 'AA'
Oct 18 - Fitch Ratings assigns an 'AA' rating to the following New York City general obligation (GO) bonds: --Approximately $325,000,000 GO bonds, fiscal 2013 series A, (adjustable rate bonds) consisting of: --Approximately $100,000,000 subseries A-2; --Approximately $100,000,000 subseries A-3; --Approximately $75,000,000 subseries A-4; --Approximately $50,000,000 subseries A-5. The bonds are expected to be sold via negotiation for closing on or about Oct. 23. At this time, Fitch ass
TEXT-Fitch says recent swing state policies provide election insight
Oct 3 - Fitch believes recent policy changes in some swing states and their impact on local governments provide an interesting backdrop as voters head to the polls in this election year. Actions in some states to balance their budgets by reigning in funding to local governments have triggered an increased focus on labor expenditures, by far the largest spending item in local government budgets. The more austere state funding environments have had a clear impact on labor negotiations and enacted
California legislature approves pension reform
SACRAMENTO, California - California's legislature easily passed a pension reform measure on Friday that cuts some of the most generous public employee retirement benefits in the United States, but even many supporters of the plan called it only a first step in fixing a pension deficit that has been decades in the making.
California legislature approves pension reform
SACRAMENTO, California - California's legislature easily passed a pension reform measure on Friday that cuts some of the most generous public employee retirement benefits in the United States, but even many supporters of the plan called it only a first step in fixing a pension deficit that has been decades in the making.
UPDATE 3-California legislature approves pension reform
SACRAMENTO, Calif., Aug 31 - California's legislature easily passed a pension reform measure on Friday that cuts some of the most generous public employee retirement benefits in the United States, but even many supporters of the plan called it only a first step in fixing a pension deficit that has been decades in the making.
UPDATE 2-California legislature approves pension reform
* Reforms could cut pension costs by tens of billions of dollars
Revenues grow, but state budgets "remain vulnerable"
CHICAGO - Revenues are improving and budget shortfalls are disappearing, but states face both domestic and international economic threats that could cut short their nascent recoveries, according to a report released on Tuesday.
UPDATE 1-Revenues grow, but US state budgets 'remain vulnerable'
CHICAGO Aug 7 - Revenues are improving and budget shortfalls are disappearing, but U.S. states face both domestic and international economic threats that could cut short their nascent recoveries, according to a report released on Tuesday.
US state budgets face "considerable challenges" -study
Aug 7 - Their revenues are improving and their budget shortfalls are disappearing, but U.S. states face both domestic and international economic threats that could cut short their nascent recoveries, according to a report released on Tuesday.
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
