Budgets | Gray Pannell & Woodward

Watchdog warns of potential New York MTA budget gaps

November 27, 2023

The Metropolitan Transportation Authority’s potential budget gaps could widen to nearly $900 million in 2026, according to the Citizens Budget Commission.

Chicago mayor unveils ‘first step’ budget that holds line on taxes

October 11, 2023

The proposed spending plan includes the first chunk of money from the city’s new casino, which will support underfunded police and fire pensions.

Guam governor accepts budget while criticizing it

September 15, 2023

The governor said the budget would needlessly wipe out a rainy-day fund.

Puerto Rico’s FY 2023 revenues were 12.8% above projections

September 11, 2023

But a change in how foreign corporations are taxed brought down total revenue for the year.

Chicago working on budget forecast with transition report, ACFR, advice in hand

July 7, 2023

Several guideposts have also already been offered as Mayor Brandon Johnson must balance his campaign pledges on funding new investments and structurally balancing the budget while holding the line on property taxes as the city deals with crime, rising costs, and end of federal COVID-19 funds.

Nashville Metropolitan Council approves a $3.2 billion budget

June 22, 2023

The plan includes a bump to public employee salaries and new spending on education.

Cook County expects surplus this year, gap near $100 million next year

June 21, 2023

The gap next year is up from the $18.2 million shortfall projected heading into the fiscal 2023 budget season but down from the $121.4 million projection in 2022 and the expected near-record $410 million hole that loomed in 2021.

Flush with tax revenues, federal funds, South Carolina passes $14B budget

June 16, 2023

The fiscal 2024 budget proposal leans on federal funds, better-than-expected tax collections, and a drawdown on reserves to bankroll a wide array of capital work and a boost to state employee salaries.