News Results

The RTA, which oversees three big Chicago-area transit agencies, is among the organizations that wants the state government to pass a long-awaited capital bill.

The state’s revenue forecast for the next two years shows increases of $442.8 million in fiscal 2020 and $386 million in fiscal 2021.

Market participants will focus on reading the tea leaves of the Fed statement Wednesday.

Reps. Brian Mast and Bill Posey asked Transportation Secretary Elaine Chao not to extend a Dec. 31 deadline to issue private activity bonds.

The municipal bond market will see a week of meager issuance, as all eyes are on the Federal Open Market Committee and its upcoming meeting.

While bond market prognosticators are confident the Federal Open Market Committee will raise the fed funds rate target by 25 basis points this week, they remain less certain on the outlook for 2019.

RBC Capital Markets hired Paul Sheldon, founder of the advisory firm S L Capital Strategies, as a managing director in the municipal finance student loan group.

Bitvore Corp. is offering analysts and portfolio managers free updates on the impact of fires, hurricanes, and earthquakes.

Dallas Area Rapid Transit will finance a 26-mile commuter rail line to Dallas-Fort Worth International Airport with a $908 million RRIF loan.

The holiday season kicks off for the municipal bond market as new issue supply slows to a crawl while the year winds down.

Atlantic City casino revenue was up 20% year-over-year in November.

Analyst Marc Joffe says bulk downloading should be free on EMMA.

As the end of the year approaches, new issue supply slows down.

Outstanding government receivables remain a constraining factor to the Virgin Islands Water and Power Authority's credit profile after it refinanced two notes.

Moody's (MCO) underscored the sense of uncertainty facing the Metropolitan Transportation Authority by dropping its outlook to negative.

In the week ended Dec. 13, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.13% from 4.15% last week.

Hilltop Securities chairman Hill Feinberg will hand over his title as president and chief executive to Piper Jaffray (PJC) banker Bradley Winges.

Budget officers in another 14 states have reported early fiscal 2019 revenues running within a half percentage of projections with only five telling the National Association of States Budget Officers they were collecting less than projected.

Market data shows the trading gap between A-rated and BBB-rated corporate bonds has widened in volume.

Former longtime New York City budget veteran Mark Page, who was tapped to help Long Island’s Nassau County tackle mounting tax settlement debt, is retiring at the of the year.

Municipals were mixed at midday as Treasury bonds weakened while the last of the week’s supply trickled into the primary market.

Columbia issued the first U.S. stormwater revenue bonds certified by the Climate Bond Initiative.

A bankruptcy judge still has to review the sales agreement between Verity Health System and Santa Clara County.

Mayor Bill de Blasio's troubleshooting plan for New York public housing features three new programs.

Chicago would issue up to $10 billion of POBs under a proposal the mayor left to city council to decide.

Puerto Rico's power authority won plaudits for attracting bids for its grid and scrapping a potentially costly gas plant.

Applications doubled from 2017, growing to 851 from all 50 states and also U.S. territories.

Municipals look somewhat less attractive following last week’s rally, but should maintain a firm tone through year-end, an analyst said.

Municipal bonds were trading mixed in mid-session activity as more supply came to market.

Some of the Southern California Logistics Airport Authority bonds remain at junk even after the Moody's (MCO) upgrade.

The private passenger train project in Florida also faces new litigation from longtime adversary Indian River County.

Strategists adjust their municipal holdings on signs the worst may be over after a difficult 2018.

A bill would extend the sunset date of the law allowing local governments to issue pension obligation bonds and OPEB bonds past Dec. 31.

Sen. John Kennedy blasted the Municipal Securities Rulemaking Board during a Senate Banking, Housing and Urban Affairs Committee meeting.

Town of Stratford, Connecticut's Notice of Sale

Pension and other retirement benefits still pose a stiff challenge, the organization said in its annual report card on the states.

The Ohio Public Facilities Commission is soliciting statements of qualifications for financial advisory services

“We have starved our state of a fundamental economic investment and job creator,” said Chicago Mayor Rahm Emanuel.

Henry Beck, an attorney and former lawmaker tapped as the next Maine treasurer, is focused on maintaining the state’s bond ratings.

Rep. Steve Stivers plans to use the recruiting skills he honed as chair of the House GOP campaign arm to enlist new members of the bipartisan Municipal Finance Caucus in the next Congress.