Apr 19 Investors to see $13B new-issue calendar amid challenging market
A combination of a "stronger-than-expected economy, higher Treasury rates, robust supply, and rich valuations resulting in choppy markets" have made the trading environment in H124 "quite difficult," according to Barclays.
Apr 19 LAUSD bonds get ratings boost ahead of BABs refunding
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
Apr 19 Financial services firms looking for a Basel III rewrite
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Apr 19 Brightline adds high-yield muni piece to upcoming refinancing
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
Apr 19 MSRB to seek comment on Form A-12
The board approved that step at its second quarter board meeting held this week.
Apr 19 Inflation Reduction Act changing affordable housing for the better,...
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
Apr 19 Burbank airport terminal plan means higher debt load, lower rating
The replacement Hollywood Burbank Airport terminal won't have more gates, but will be less cramped and resolve its noncompliance with FAA safety regulations.
Apr 18 Investors pull $1.5B from muni mutual funds; high-yield breaks infl...
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
Apr 18 Nixon Peabody elevates public finance attorneys
The law firm revealed 2024 promotions.
Apr 18 Houston Controller feels the heat from city's fiscal woes
As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters...
Apr 1 The BAB Party Ends With a Big Hangover
If 2010 was the year of Build America Bonds, what should 2011 be known as? So far the themes are simple: issuers don’t want to issue and buyers don’t want to buy.
Mar 4 NY Court Dismisses Suit Challenging MBIA's 2009 Restructuring
The New York Supreme Court dismissed the lawsuit brought by various financial institutions against MBIA Inc. over its 2009 split into two companies.
Jul 20 DOJ Recovers Cryptocurrency Used as Ransomware Payments
The DOJ filed a forfeiture complaint for $500,000 in ransom payments paid to North Korean state-sponsored groups that had hacked health care providers' online servers in Kansas and Colorado in separate ransomware incidents.
Nov 26 Best Practices for Modernizing Constituent Services Through Online ...
As more governments recognize the power of cloud-based software to drive efficiency and streamline workflows, citizens are also seeing the positive effects of modern technology used in the public sector.
Oct 30 Is Public Finance Ready to Rely on Blockchain Technology?
Governments often contend with many issues when attempting to link public dollars to real-world outcomes captured by data in disparate systems. EY claims its OpsChain Public Finance Manager will reduce those struggles.
Oct 16 Best Practices to Manage Economic Development
Governments of all sizes around the nation, whether they be cities, counties, or states, understand the importance of economic development to building a successful organization.
Oct 10 Optimizing Public Trust and Performance
Many people have seen the drastic inefficiencies and lack of transparency within government and, in turn, the connection between taxpayers and government officials has suffered.
Sep 9 6 Ways to Foster Proactive Citizen Engagement
Today’s governments are at a crossroads: leverage modern technology to foster an informed and bought-in populace or ignore technological trends and risk alienating constituents.
Sep 4 New York to Decide on Public Funding of Political Campaigns
New Yorkers will soon provide up to $100 million in public financing to help fund candidates’ campaigns, but exactly how the landmark reform legislation will be implemented is up to a special commission.
Sep 4 Springfield, Ill., Wants to Cut Police, Fire Pension Costs
Without a strategy to rein in costs for its police and fire departments, the city faces the possibility of having to dedicate 100 percent of its property taxes to fund the pensions and not totally address the problem.
Sep 1 Addicted to Fines
Small towns in much of the country are dangerously dependent on punitive fines and fees.
Sep 1 High on Pot Taxes
Is there a revenue jackpot for states that legalize marijuana?
Sep 1 Appalachian Hope
Coal isn’t going to bounce back in West Virginia. But tourism and recreation can replace it.
Sep 12 IRS Gives Tax Relief to Victims of Hurricane Irma; Like Harvey, Ext...
Issuers with filings due after the hurricane hit and before January 31, 2018 now have until January 31, 2018 to file.
Apr 5 N.J. Health, Calif. Public Works Bonds Hit the Market
Municipal bonds were stronger at mid-session as more new deals came to market, topped by some large offerings from issuers in New Jersey, California and Pennsylvania.
Apr 5 N.J. Health Bonds Priced as More Deals Set to Sell
The municipal bond market is seeing more new issue supply hit the screens on Wednesday, topped by some large deals out of New Jersey, California and Massachusetts.
Apr 5 ISM Non-Manufacturing Index Slips to 55.2 in March
The U.S. services sector expanded in March although the non-manufacturing business activity composite index was 55.2 in the month, compared to 57.6 in February, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.
Apr 5 Jobs Posted on Internet Up 102,000 in March: Report
About 4,639,700 online job postings appeared on leading internet job boards in March, an increase of 102,000 from February, the Conference Board reported Wednesday.
Apr 5 ADP: Private Sector Jobs Up 263,000 in March
Private-sector employment increased by 263,000 in March, on a seasonally adjusted basis, ADP estimated Wednesday.
Apr 4 Chao Says Infrastructure Plan By May; Advocates Question Path Forward
Transportation Secretary Elaine Chao said a Trump infrastructure proposal could be ready by May.
Apr 4 Munis Strengthen as First Wave of Supply Hits
Top-rated municipal bonds finished stronger on Tuesday, according to traders, who saw the first of the week’s new issuance hit the market.
Apr 4 Virginia Looks at P3 for $4 Billion Hampton Roads Tunnel
A $4 billion project to add lanes to a subsea highway tunnel in Virginia may be financed as a P3.
Apr 4 Banking Panel Recommends Full Senate Approve Clayton as SEC Chair
Jay Clayton’s nomination to be SEC chair cleared the Senate Banking Committee on Tuesday and will now move to the full Senate.
Apr 4 Final Vote Nears on Indiana Oversight of Two Districts
Indiana may soon take fiscal control of Gary Community School Corp. and Muncie Community Schools. Gary wants the help. Muncie Schools opposes it.
Apr 4 Lacker Resigns; Says He Confirmed Confidential Info
Federal Reserve Bank of Richmond President Jeffrey Lacker resigned Tuesday saying he confirmed confidential materials in 2012, according to published reports.
Apr 4 Muni Market Set for First Wave of New Supply
Top-shelf municipal bonds were slightly stronger on Tuesday morning, as yields were lower by as many as two basis points according to traders, as they await the first new issuance of the week.
Apr 4 Feb. Factory Orders Rise 1.0%; Ex-Transportation Up 0.4%
The value of new factory orders rose for the third straight month by 1.0% in February, as expected, with nondurable goods orders up 0.2% to add to an upward revised 1.8% gain in durable goods orders, data released by the Commerce Department Tuesda...
Apr 4 March ISM-NY Current Business Index Rises to 56.5
"New York City purchasing managers reported strong optimism in addition to a faster pace of activity in March," as the current business conditions index increased to 56.5 in March from 51.3 in February, the Institute for Supply Management-New York...
Apr 4 Proposed San Diego Bed Tax Would Back Three Bonds
San Diego Mayor Kevin Faulconer's proposed hotel bed tax would fund convention center expansion, homeless services and street repairs.
Apr 4 Feb. Trade Deficit $43.6B, Down from Jan.’s $48.2B
The U.S. international trade gap narrowed to a below-expectations $43.6 billion with imports of crude oil up and autos down, while exports showed gains in consumer goods, pharmaceuticals and industrial supplies while capital goods softened.
Apr 3 Munis Strengthen Ahead of New Issue Slate
Top-rated municipal bonds finished stronger on Monday, according to traders, with a heftier new issue slate on tap for the week. The calendar is composed of mostly negotiated deals, with no competitive sales over $100 million.
Apr 3 Groups Urge MSRB to Drop Idea of Requiring CUSIPs for Private Place...
A number of municipal market groups and firms asked the MSRB in comment letters to create an exemption to its CUSIP rule that would allow placement agents to generally avoid having to obtain CUSIP numbers when they are engaging in private placemen...
Apr 3 Harker Still Sees 3 Gradual Hikes This Year
Three rate hikes appear to remain appropriate for this year, Federal Reserve Bank of Philadelphia President and CEO Patrick T. Harker repeated Monday, noting they can be spread out.
Apr 3 Federal Judge OKs 38 Studios Settlement
A federal judge approved the Rhode Island Commerce Corp.’s settlement with the SEC over the state’s failed $75 million deal with videogame company 38 Studios.
Apr 3 Budget Curtailment Costing State DOTs $1 Billion
Congressional budget dispute has frozen more than $1 billion of 2017 federal highway and transit funding to states.
Apr 3 Flint Settlement Another Sign of Burden Facing Michigan
A settlement tied to Flint, Michigan’s water contamination crisis alone won’t tax state finances but it underscores a collective burden that poses longer term pressures, S&P Global Ratings says.
Apr 3 Munis Strengthen Ahead of $7.32B New Issue Slate
Top-rated municipal bonds were stronger at mid-session, according to traders, who were set to see a heftier new issue slate on tap. This week's calendar is composed of mostly negotiated deals with no competitive sales over $100 million slated.
Apr 3 New York State Misses Budget Deadline
New York lawmakers failed to reach agreement on a fiscal 2018 budget forcing Gov. Andrew Cuomo to propose an emergency plan to keep state government running.
Jul 29 Here's Why Global Investors Are Fleeing Equity Markets
While pumping cash into bonds and debt.
Jul 22 Wisconsin’s Abolition of Civil Service: Reform or Cronyism?
Whether Wisconsin's approach makes hiring for government jobs more efficient -- or simply politicizes it -- will influence if and how other states revisit their civil service systems.
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