Regional News

The bond parties want the U.S. Court of Appeals for the First Circuit in Boston to overturn the U.S. District Court's rulings on their efforts to gain control of PREPA.

Bond parties said U.S. District Court Judge Laura Taylor Swain's arguments against a claim were wrong on several bases.

The local government is seeking to replace LUMA Energy as the island's transmission and distribution company.

The defendants include many of the largest municipal bond underwriters.

Illinois Comptroller Susana Mendoza announced her candidacy for mayor of Chicago last week, pledging "to respect the taxpayer dollar and stretch its value."

Illinois lawmakers passed a $56 billion fiscal year 2027 budget as the legislative session wrapped up in the early hours of Monday morning.

Issuers using cash basis accounting pay a yield premium to sell bonds, according to a new paper, and their bonds are less likely to trade in the secondary.

Huntington Securities has hired Shai Markowicz, a veteran of Citi and Morgan Stanley, as managing director and head of project finance.

The developer faces no penalties from the missed interest payment.

In need of revenue, some state legislatures are turning to their wealthiest residents for additional monies.

"My 10 years at Academy Securities building out the municipal platform while mentoring military veterans has been the highlight of my career," Kolman said.

The Quincy, Massachusetts, mayor wants the city to issue debt to buy the former Eastern Nazarene campus. There is concern about the city's high debt load.

The $1.2 billion deal, issued by the California Community Choice Financing Authority and underwritten by Goldman Sachs, saw Alphabet as its funding recipient.

The letter from officials in Democrat strongholds asked the rating agencies to maintain their focus on financial analytics in viewing energy-dependence, rather than being swayed by the political winds.

West Sacramento's baseball expansion plan would provide funding to two Yolo County school districts, backers say.

California Lt. Gov. Eleni Kounalakis, a Democrat, was the lead vote-getter in preliminary results with 1,616,720 votes or 34.3%.

A county tax collector said the ballot measure, if passed, would endanger outstanding local bonds throughout the state.

Mayor Andre Dickens wants to extend tax allocation districts, which could generate $5 billion to $7 billion that could back bonds.

Gov. Abigail Spanberger received a dose of good news for a constrained budget as a new revenue forecast shows a boost in tax collections.

With nearly $4.5 billion of tax-exempt bonds, a restructuring or bankruptcy would be among the muni market's largest to date.

The letter from officials in Democrat strongholds asked the rating agencies to maintain their focus on financial analytics in viewing energy-dependence, rather than being swayed by the political winds.

The rating agency gave the city a negative outlook in November 2024, following voter approval of a ballot measure requiring more public safety funding.

A federal appeals court panel stayed a lower court decision that found the 2021 state law to be unconstitutional.

The revenue bonds would continue financing for a 15-year, $8.2 billion program to widen existing toll roads and build new ones.