News
Municipal bonds, public pensions, infrastructure finance, and the court rulings that move them.
Bond Buyer Indexes Strengthen Again
In the week ended March 23, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell two basis points to 4.06% from 4.08% in the previous week.
Court Ruling Eliminates 4.8% of Puerto Rico's Revenue Stream
A federal court ruling Monday has at least temporarily eliminated 4.8% of Puerto Rico's revenue stream.
Court Ruling Leaves Chicago Empty-Handed on Pensions
Chicago must go back to the drawing board after the Illinois Supreme Court voided legislation that overhauled two city pension funds with the aim of keeping them solvent.
Florida's 2017 Budget At Record High
Gov. Rick Scott signed the $82.3 billion budget for 2017 law late Thursday night, vetoing $256 million in line-item expenses sought by the Legislature.
Gateway Project Gets Small Fund Commitment
The Gateway Tunnel rail project connecting New Jersey to Manhattan received a commitment for $70 million in an effort to fast-track the estimated $20 billion initiative.
High Court to Hear Arguments Over Puerto Rico Debt Recovery Law
The Supreme Court will hear oral arguments Tuesday on whether Chapter 9 of the federal bankruptcy code, which does not apply to Puerto Rico, nevertheless preempts or makes illegal a law adopted by the commonwealth.
Houston and Energy Northwest Lead 4-day, $6.2B Week
The holiday-abbreviated upcoming week's new issue slate will be led by issuers from Texas, Washington, and Colorado.
Michigan Senate Passes Detroit Schools Restructuring
A massive restructuring of Detroit Public Schools to help the district avert bankruptcy cleared the Michigan Senate Tuesday.
Port Authority Approves LaGuardia P3
An overhaul of LaGuardia Airport is closer to taking flight after the Port Authority of New York and Jersey Board of Commissioners voted to approve a public-private partnership for the $4 billion project.
Public Finance Authority Responds to Critics
Leaders of the Public Finance Authority take issue with criticisms that the Wisconsin-based national conduit issuer only exists to usurp local control from taxpayers and other bond-issuing authorities.