Regional News

Judge Laura Taylor Swain is allowing the continued examination of a count in which a trustee is challenging fees, and some proceeds, of pre-bankruptcy bonds.

U.S. District Judge Laura Taylor Swain suggested the board should include a contingent vehicle instrument in the proposed plan of adjustment.

Without that claim, bondholders are fighting for repayment of about $8.5 billion.

MBIA Inc. used National Public Finance Guarantee and MBIA Insurance to "perpetrate a fraud on investors," the COFINA bondholders said.

KBRA revised the outlook on the Chicago Transit Authority's Series 2015 and 2016 Transportation Infrastructure Finance and Innovation Act loans to stable.

Financial mismanagement and apparent revenue diversion led to events of default for centers owned by and financed through the PFA, the bond trustee said.

"I would much rather invest in the muni, both in terms of default rates and in terms of the yield that you're getting off of those," said Travis Lower.

Voters rejected a 3% hotel tax increase Tuesday in Springfield, Missouri. They had already rejected a similar measure in November.

New Hampshire will not include a refunding of 2016 GOs in its annual deal. 

New Hampshire's deals are always well received, according to the state treasurer. She hopes that trend holds in this week's market.

Moody's assigned its first-ever rating to munis backed by bitcoin ahead of a deal in New Hampshire. 

Triple-A Harvard's latest deal provides, through its offering documents, a snapshot of the state of the Trump administration's campaign against the school.

Wells Fargo's Julie Barger called the investors a "who's who of buyers in the muni market" including mutual funds, ETFs, SMAs and insurance companies.

The California Municipal Finance Authority will issue $742 million in tax-exempt debt for the San Francisco Municipal Transportation Agency's first P3.

Moody's Ratings upgraded Alum Rock Union Elementary School District on proactive management actions in the face of enrollment and fiscal challenges.

Children's hospital achieves moderate to low-risk yield on junk-rated bonds boosted by insurer.

The legislature passed bills to cut personal income tax rates over time and limit increases on homestead property tax payments to the rate of inflation.

S&P cited repeated draws on reserves for the lowered outlook.

The city is in danger of defaulting on bonds in the next fiscal year, according to Local Government Commission officials who say they will intervene if needed.

PFM Management Services LLC will advise special districts throughout the country.

The Texas city is facing a potential level 1 emergency, indicating the water system is 180 days from supply not meeting demand.

The state Supreme Court's decision did not address the 2022 law's governmental contract ban for businesses deemed to be "boycotting" the fossil fuel industry.

The city and United Airlines are navigating geopolitical volatility looking for an opportunity to sell the debt.

The state's latest water plan outlines $174 billion of capital water needs over the next 50 years. "The era of cheaper water is over," said one state water official.