2 days agoChicago Names Acting CFO as City Works to Close $882 Million Deficit
Comptroller Michael Belsky will serve as Chicago’s acting CFO after Ashlee Gabrysch resigned, the city’s third CFO departure this year. The leadership change and $882 million deficit may affect purchasing schedules, spending priorities, and contractor cash-flow planning, but no specific procurement action or payment delay has been reported.
150 days agoNew Jersey Assembly Blocks Lifetime Health Benefits for Ineligible Newark Councilman
The New Jersey Assembly Budget Committee intervened to halt health benefit awards to Carlos M. Gonzalez, emphasizing compliance with eligibility laws. This decision signals increasing scrutiny of municipal benefit processes—a significant takeaway for professionals in procurement and municipal finance.
184 days agoTexas AG Enforces Tax Compliance, Impacting Municipal Procurement Processes
Texas Attorney General Ken Paxton has issued enforcement letters to over 130 cities, preventing property tax increases due to financial audit and transparency violations under Senate Bill 1851. This move signals tightened oversight and could lead to significant changes in municipal procurement, requiring enhanced compliance from vendors and contractors.