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Issuers Took More Time to Complete Financial Audits in 2015
The median audit reporting time for all municipal bond-related sectors in fiscal year 2015 was the highest it has been since 2008, likely because of recent pension reporting rules.  more »
WASHINGTON – Capping the tax exemption for municipal bonds over a nine-year period would have cost state and local governments roughly $175 billion in additional borrowing costs, while a full repeal would have cost them nearly $500 billion more, state and local officials warned Tuesday. more »
The District of Columbia next week will issue $577.6 million in general obligation bonds partly to finance projects under the district's capital improvements plan. more »
The head of the SEC’s Division of Trading and Markets has said he will leave his position by the start of the new year. more »
Republicans this week said they are working toward a continuing resolution to fund the federal government through March 31 instead of a full-year appropriations bill, a decision that disappointed Democrats and several GOP members. more »
An oversaturated casino market is making gambling a less appealing method to bring in revenues for state and local governments, a panel of state officials and policy analysts said here on Wednesday. more »
Many local governments are not benefiting from gambling tax revenues in what has become an oversaturated market, a panel of state officials and policy analysts said here on Wednesday. more »
As Rep. Devin Nunes joins the executive committee of Trump’s transition team, some state and local officials worry he will gain support for his controversial pension bill next year. more »
Issuers, borrowers, and MAs disagree that they violated state and local government series securities (SLGS) rules. more »
President-elect Donald Trump’s ambitious infrastructure plan and proposed widespread tax cuts will require issuers to adjust to a changing economic climate to maintain credit stability, S&P Global Ratings said Monday. more »
As government leaders both nationally and in Puerto Rico enter transition periods after last week’s elections, Treasury is reminding officials both old and new to give a high priority to assistance for the commonwealth. more »
Donald Trump's plans to dismantle the Dodd-Frank Act and impose a moratorium on new regulations could affect the municipal bond market. more »
More than half of the top 50 local governments ranked by outstanding debt by Moody’s now have higher pension liabilities than debt, the rating agency said Friday. more »
The par amount of municipal trades continued to grow in the third quarter of 2016, reaching a three-year high and beating the total from the third quarter a year ago by more than 50%, according to recently released Municipal Securities Rulemaking Board statistics. more »

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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