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Texas lawmakers created a local pension system that was "designed to fail," but Dallas is bearing the consequences of billions of dollars in unfunded liabilities, said Mayor Mike Rawlings.

Municipal bond veteran John Hallacy has left Assured Guaranty and joined The Bond Buyer as program coordinator, with responsibilities that include agenda scheduling for conferences and writing commentary.

The Puerto Rico Oversight Board hired financial and legal advisors including Proskauer Rose LLP, which worked for the Government Development Bank for Puerto Rico as recently as this spring.

The Philadelphia Area Municipal Analysts Society will explore lessons from the Detroit bankruptcy during its annual holiday party Thursday.

by: Jim Watts

Federal judge continues to block Maryland’s $5.6 billion Purple Line P3 rail project over ridership worries.

The Financial Services Institute has joined three state Republican groups in urging federal appeals court judges to vacate changes to a pay-to-play rule that they say harms market participants’ First Amendment rights.

The California Supreme Court has agreed to hear an appeal of a landmark pension decision that analysts and reformers had hailed as a positive for the state and local governments.

Orange County, Fla., will competitively price $282 million of new money and advance-refunding tourist development tax-backed revenue bonds on Tuesday.

New Jersey’s state takeover of Atlantic City finances is a credit positive for the distressed gambling hub since it will likely eliminate any threat of a default through 2017, according to Moody’s Investors Service.

Top-quality municipal bonds finished weaker on Monday, according to traders, as the market gets set to see over $9 billion of new supply hit the screens this week.


Climate Bonds Initiative CEO Sean Kidney, in a spirited chat from London with northeast regional editor Paul Burton, charts the landscape for the U.S. municipal green bond issuance.

Here are some of the key "known unknowns" — factors that are likely to affect valuations and creditworthiness and functioning in the state and local finance sector — as the Trump Administration and Congress sort them out.

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